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Vietnam garment industry face tough time as orders move to regional rivals

Related Keywords: attracting orders, biggest beneficiary from TPP and other FTAs, Cambodia enjoys zero percent tariff, experiencing tough day, orders for second quarter lower than predicted, orders moved from Vietnam to Myanmar and Laos, Vietnam textile and garment industry, Vietnam-EU FTA not taken effect

Vietnam textile and garment industry believed to be the biggest beneficiary from TPP and other free trade agreements (FTAs), are experiencing tough days as orders have moved from Vietnam to Myanmar and Laos. According to Pham Xuan Hong, chair of the HCMC Textile, Garment, Knitting and Embroidery Association, the orders for the second quarter of the year have come, but the number is lower than predicted.

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