Due to the economic downturn in the US and Europe, exports of every Vietnam clothes manufacturer could reduce significantly with the decrease in orders from the two markets for the next months of 10%.
In fact, a Vietnam clothes manufacturer usually received many orders in the three last months and first two months of a year but this year the situation seems to change, some Vietnam clothes manufacturers don't even have enough orders for December.
The economic meltdown taking place in some European countries in recent years had also affected Vietnam garment exporters. Jackets were the most affected items, with many firms seeing orders plunge 30 per cent. Exports to Europe were forecast to decline by 10-15 per cent.
Besides, Due to Government's monetary tightening policy of the US - the biggest market of Vietnam clothing manufacturers, many risks appear towards the exports of Vietnam garment manufacturers.
Therefore, Vietnam clothing manufacturers had to switch to other markets like Japan, the Republic of Korea, some other Asian countries, and Canada.
