Vietnam'S Textile And Clothing Exports Are Expected To Fall More Than 10% Throughout The Year.
In April this year, Vietnam's export data began to show the impact of the epidemic. Although many garment factories converted masks and medical protective clothing, the export volume of textile and clothing in April was only 1 billion 600 million US dollars, down 31% from the same period last year, and the export of yarn decreased from 152 thousand tons in March to 95 thousand tons, a decrease of 38%. The total export volume of textiles and clothing decreased by 8.8% in the 1-4 months.
Although the import volume of cotton in the 1-4 months increased by 3% over the same period last year, the early arrival of the contract was basically signed. Meanwhile, the starting rate of Vietnam's cotton mill decreased from 90% in mid March to 30% in mid April, and remained at this level by mid May. In April, Vietnam's cotton imports fell by about 8% to $893 million. The epidemic is expected to result in the continued decline in Vietnam's imports of US cotton in the two and three quarters.
In April, Vietnamese yarn imports fell by 2.5% to 758 million dollars, fabric imports fell 11% to 3 billion 630 million dollars, and textile materials imports fell by 5.8% to 1 billion 110 million US dollars. As most export orders have been cancelled, these figures are expected to continue to decline in May and June.
At present, local companies in Vietnam's textile and garment industry are facing bad debts. Many garment enterprises have low operating ability without receiving new orders. Moreover, the demand for textiles and clothing in the US and the EU has decreased. Due to the lack of new export orders, resulting in reduced employment opportunities and wage pressures, experts have put forward a series of solutions to support domestic enterprises. Nevertheless, most solutions will not help enterprises maintain production until the end of this year.
As a result of these unfavorable factors, Vietnam expects the Vietnamese textile and clothing industry to expect a sharp decline in the total export value of the whole year. In the best case, exports are expected to reach about US $35 billion, down 10% from the same period last year. In the worst case, this year's exports can only reach 300 to 31 billion US dollars.
- Related reading

The Difference Between Internal And External Yarn Increases The Price Of Lint Cash Is Very Difficult.
|- Industry Overview | UNIQLO'S 66 Yuan Masks, Can You Bring Your Achievements?
- Instant news | Chen Fan CEO Sydney In May, How Much Courage Should We Have In Joint Operations?
- Celebrity interviews | Ding Lieming, Chairman Of The National People'S Congress And Chairman Of Beida Pharmaceutical Co., Ltd.: To Open Up The Last Mile Of Clinical Application Of Innovative Drugs.
- Celebrity interviews | Member Representatives Discussed Vaccine Management: Strengthening Vaccine R & D Input And Supporting Platform Construction
- Celebrity interviews | Members Focus On Public Health Issues And Suggest Improving The Emergency System For Peacetime And Wartime Integration.
- Celebrity interviews | Cai Weiping, Director Of The Infectious Disease Division Of The Eighth People'S Hospital Of Guangzhou, National People'S Congress: Strengthening The Awareness Of Medical And Nursing Protection And Building A Comprehensive Infectious Disease Hospital
- Celebrity interviews | Interview With CPPCC National Committee Member And Zhai Meiqing, President Of Xiangjiang Group: Explore The Development Mode Of Chinese Medicine Through The Opportunity Of Epidemic Situation
- Celebrity interviews | Lu Qingguo, Chairman Of The National People'S Congress And Chairman Of Chenguang Biotechnology Group, Is Urgent To Forage The Feed.
- Venture capital project | Vanke Property "Take Over" Gulangyu Islet Leading Property Urban Services Layout Accelerated
- Daily headlines | After The Two Sessions, What Is The Future Of The Textile Industry? Let'S Take A Look At The Suggestions Of NPC Deputies.
- Cotton Prices Should Not Be Overlooked.
- Cotton Prices Lowest In Nearly Ten Years In 2020
- Recent Hot And Cold Market, Or Weaving Enterprises Face The Cost Of War.
- List Of China'S Garment Industry Base In 2020 And Case Analysis Of Typical Garment Bases (Map)
- India Institute Predicts India Cotton Planting Area Will Decrease 2%--SICE In 20/21, Daily Price Report (5.26)
- Big Move: Sai Deli Launched Into The Market Of The Market.
- Domestic Cotton Spot Stable Yarn Market 26, 40 Yarn Demand Slightly Hot
- Textile Industry Needs "Acceleration" To Develop New Machine.
- Nantong Textile Enterprise Resumed Production And Resumed Production And Pressed "Fast Forward Key".
- 27 Day Exchange Rate: 1 US Dollars To RMB 7.1092 Yuan.