Half of Vietnam’s Apparel Orders Cancelled in First Half of Year
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Vietnamese apparel companies saw about 50% of international orders canceled during the first half of the year due to the novel coronavirus outbreak, according to an emailed statement from the industry and trade ministry.
International orders were halted mostly in May and June, the statement said. Many Vietnamese apparel companies have pivoted to making products for the domestic market or medical attire, such as masks and protective gear, for exports. Footwear manufacturers have seen a 6.7% drop in exports during the first six months of the year.
Vietnam will continue to see a decrease in exports the rest of the year, though some sectors could see a pick up in orders, the ministry said.
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