Vietnam'S Textile And Clothing Export Situation Is Grim, And The Reduction Of Orders Will Be Extended To The Beginning Of Next Year

Vietnam's textile, clothing and footwear exporters are facing a decline in orders due to weak demand from major economies around the world, which may last until the first half of 2023, according to the Internet.

It is reported that Vietnam's labor-intensive enterprises have reduced production capacity in the fourth quarter of this year in preparation for the end of the year. Vietnam's import and export activities in the second half of the fourth quarter of this year and the beginning of 2023 will be more severe compared with the third quarter, he said. Vietnam leather and Footwear Association (Lefaso), vice president of Vietnam leather and Footwear Association (Lefaso), said that enterprises should be committed to developing more markets under the situation of continuous shrinking export market and declining demand. At present, the association is jointly deploying trade promotion programs with the Ministry of industry and trade to help more enterprises expand the market.