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Garment factory employee Trinh was working overtime at the beginning of the year until orders dropped. Now she and over 100 other colleagues are sitting idle with nothing to do. - VnExpress International
In the context of a drop in textile and apparel orders, the purchasing power of the industry has diminished as a result of the economic recession and inflation. Truong Van Cam, general secretary and vice chairman of the Vietnam Textile and Apparel Association, explained to VIR’s The Hai why now is the time for textile producers to explore restructuring and investing in their facilities under a greener model.
Many villagers gave up their fishing jobs to become blue-collar workers in cities, but they then returned to the fishing village
The economic downturn and high inflation in many major export markets exerts difficulties on Vietnam’s textile exporters for 2023.