Over 2 Mln Vietnam Garment Workers Lose Jobs So Far
More than two million workers in garment and textile sector have been laid off or have their hours and wages cut so far this month due to sharp drop off in new orders amid the global downturn.
Nearly 70 per cent of garments and textiles export businesses have reported sharp decline in orders from major export markets, namely the U.S. and the EU, the Vietnam Textile and Apparel Association (Vitas) reported.
“In 2009, the country’s garments and textiles sector is forecast to face difficulties,” said Vitas.
Although the Vietnamese government has recently introduced policies to support them, the export businesses just do not have enough new orders from their traditional buyers in import markets.
Also according to Vitas, the expansion of export promotion to new markets is the top priority of Vietnam‘s export sector at this time, and that the Russian, African and Middle Eastern markets are being targeted. (VietNamNet)
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