ANN/VIETNAM NEWS

Vietnamese textile and garment enterprises are steering through unpredictable global markets, rising transport costs and Middle East conflicts while securing orders, diversifying sources and eyeing domestic growth.

Unpredictable market developments and geopolitical conflicts in the Middle East have disrupted supply chains, driven up transportation and insurance costs and affected business operations. In response, authorities have proactively implemented solutions to help textile and garment enterprises maintain stable production and business activities, sustaining growth momentum and boosting exports.

Many companies have already secured orders through July and are negotiating contracts for the rest of the year. Alongside diversifying markets and customers, businesses continue to invest in modern equipment and develop new products to enhance competitiveness.

Hoàng Mạnh Cầm, chief of office of the board of directors at Vietnam National Textile and Garment Group (Vinatex), told Nhân Dân newspaper that as soon as the conflict in the Middle East broke out, companies quickly developed strategies such as securing raw material supplies, diversifying sourcing and customer bases and avoiding dependence on limited clients.