Enterprises in the textile, garment and footwear industries are facing difficulties on a variety of fronts, including a reduction in export orders. (Photo: VNA)Key export industries are forecast to witness a large decrease in orders, especially textile s, footwear, furniture, iron and steel and cement. (Photo: VNA)VNA– Enterprises in the textile, garment and footwear industries are facing difficulties on a variety of fronts, including a reduction in export orders, and the plight is likely to continue until the first half of next year.Pham Van Viet, Chairman of Viet Thang Jean Co., Ltd., reported that orders at his firm have decreased since June. Because customers cancel orders in light of high inventory, Viet Thang always has to closely follow market information.To maintain operations and ensure employees' income, the company is looking for orders in new markets. Key export industries are forecast to witness a large decrease in orders, especially textiles, footwear, furniture, iron and steel and cement.

Source: Viet Nam News December 03, 2022 09:09 UTC