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Vietnam’s garment industry suffers in Q1 as retailers cut orders

april 06, 2023by Reacties uitgeschakeld voor Vietnam’s garment industry suffers in Q1 as retailers cut orders

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HANOI, April 6 (Xinhua) — Vietnamese garment makers felt the impact of a global slowdown dampening demand in their key markets as the industry’s exports dropped 17.4 percent to 7.2 billion U.S. dollars in the first quarter from a year earlier, according to the country’s General Statistics Office.

Textiles and garments, Vietnam’s second-largest export earner after smartphones and electronics, have been hit as co

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