The textile and garment manufacturing sector is showing strong signs of recovery after being temporarily pressured by logistical disruptions and international conflicts. Currently, business players report a significant surge in orders, fully booking production capacity through late September. This condition serves as a positive anomaly considering the current period is typically a quiet season for export activities.
This positive trend is driven by a sharp decline in international transportation costs and a leveling off of prices for supporting raw materials, such as packaging, which had previously spiked. A 15 to 25 percent reduction in production cost burdens provides room for companies to enhance competitiveness in the global market. A direct impact of this recovery is increased factory work intensity and improved incomes for workers.
Echoing the garment industry, the footwear sector has also recorded stable performance thanks to export market diversification strategies and increased reliance on local raw materials. Many factories are currently recruiting additional staff to keep pace with order volumes that surpass the peak season figures of previous periods.
Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), Hoang Quang Phong, emphasized that although this momentum is highly encouraging, industry players are still advised to remain cautious. Dynamic tariff policies from trading partner countries remain a risk factor that must be taken into account. Therefore, operational efficiency and product quality enhancement are key to maintaining sustainable growth amid dynamic global economic conditions.
