The next few weeks are key for textile groups as they await reopening of major markets such as Europe, Photo: Le Toan Pham Ly, a 38-year-old worker at a textile firm in the northern province of Thai Binh, expressed her dismay at having to adapt to layoffs, even as she only works three days a week at a factory that usually operates at full capacity at all times. Ly is one of thousands of low-wage workers in textile and garments facing a tough time due to the current coronavirus emergency. These workers are also some of the most vulnerable at this time. At an online conference last week, state-run Vietnam National Textile and Garment Group (Vinatex) informed that the entire textile and garment industry in the country may suffer losses of up to VND11 trillion ($478.26 million) if the COVID-19 pandemic ends in late May and the economy begins to recover from June. Le Tien Truong, general director of Vinatex, said that its members had many orders cancelled since mid-March. “The bigger the brand, the more orders are cancelled,” said Truong. He pointed out that in just the three days of March 16-18, a number of major customers from the… Read full this story
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