HANOI (XINHUA) – Textile and footwear enterprises in Vietnam have so far received full orders until the end of this year while some enterprises even have orders for the first quarter of next year, Vietnam News reported yesterday.
The situation is in contrast to a lack of export orders a year earlier.
Deputy General Director of the No 10 Garment Corporation Bach Hong Long said his firm was urgently completing orders for 2024.
The corporation also has full orders until the end of February 2025. He believes that textile orders in Vietnam will increase sharply in 2025.
The increase is not due to rising demand in global markets, but due to a shift from one country to another. Deputy chairman and General Secretary of the Vietnam Leather, Footwear and Handbag Association Phan Thi Thanh Xuan said that orders were currently recovering.
Many footwear enterprises have orders through the end of 2024, and some enterprises have orders until the first quarter of 2025.
“The double-digit growth achieved is quite positive and the footwear industry is likely to reach its target of USD27 billion in 2024,” she said.
According to the Vietnam Textile and Apparel Association, the total export turnover of the Vietnamese textile and garment industry in the first nine months of 2024 exceeded USD32.5 billion, up 9.2 per cent year on year.
Exports for the footwear industry in the nine-month period are estimated at over USD16.5 billion, showed data from the General Statistics Office.
