| Vietnam's textile and garment exports are expected to decline |
Vietnam Cotton Textile Association, said that although this year 1-8 months of Vietnam's textile and garment exports increased, but the growth rate decreased significantly. 1-8 months of this year, Vietnam's textile and garment exports amounted to 18 billion 700 million U.S. dollars, an increase of 4.4%.
The association said that due to the shortage of export orders, foreign demand declined, textile and garment export growth year on year decline significantly. If the current situation continues, exports will be even worse, this year exports difficult to meet the target of $29 billion, lower than the beginning of the development of the target of US $310.
The association analysis, the reason is the decline in export orders from Chinese, India, Kampuchea, Bangladesh, Burma and Sri Lanka is very competitive, Kampuchea and Burma exports to the EU also enjoy preferential tariff. In addition, Vietnam's domestic garment factory is facing rising wages and production inspection and many other difficulties.
In addition, in 2014 and 2015, many foreign companies by the TPP agreement to bring business opportunities in Vietnam, but this year, foreign direct investment in Vietnam began to decline.
|
skype
services 2
