Vietnamese textile companies have insufficient orders
According to Vietnam’s “Youth Daily” report: Decreased orders in the import market have caused most export-oriented textile companies in Vietnam to have insufficient orders in the third quarter of 2012. Pham Xuan Hong, vice chairman of the Vietnam Textile Association, pointed out that except for some large manufacturing companies that can guarantee sufficient orders in the third quarter, most small and medium-sized enterprises can only maintain orders until the end of June. Signs of reduced orders have emerged in April. Small and medium-sized enterprises have high investment costs and find it difficult to maintain production and ensure worker employment.
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