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Major garment producer says did not lose Nike orders due to Covid restrictions

By Wei Zhang
1 min read
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In this article (5)

Viettien Garment Corporation has not lost any of its Nike orders to other countries since the American company could not find suitable alternatives, its chairman said.

“Until October, when we reopened, Nike has not moved any of its orders from Viettien to another country because it could not find an appropriate manufacturer in terms of delivery time and quality.”

Giang, also chairman of the Vietnam Textile & Apparel Association, said during the restrictions in the third quarter, 13-14 percent of garment orders were moved from Vietnam to other countries.

But there are signs that orders are coming back for next year, he said.

“This is why we have set an export target of $43.5 billion.”

Last year, exports had fallen by 9 percent to $35 billion.

Giang said that foreign companies only move orders to other countries when the deadline is too close, and they continue to have confidence in Vietnam.

Vietnam’s garment exports in the first 10 months of this year fell by 5 percent year-on-year to $24.74 billion.

Questions & Answers

Q.

Did Viettien Garment Corporation lose any Nike orders due to the recent restrictions?

A.

No, Viettien Garment Corporation did not lose any Nike orders. Its chairman stated that Nike could not find suitable alternative manufacturers in terms of delivery time and quality to move the orders to another country.

Q.

What was the overall impact of the third-quarter restrictions on garment orders in Vietnam?

A.

During the third-quarter restrictions, 13-14 percent of garment orders were moved from Vietnam to other countries. However, there are indications that some orders are returning for the next year.

Q.

What is Vietnam's export target for the upcoming year?

A.

Vietnam has set an export target of $43.5 billion for the upcoming year. This ambitious target follows signs that garment orders are starting to return after a period of movement to other countries.

Q.

How did Vietnam's garment exports perform in the first ten months of this year compared to last year?

A.

Vietnam's garment exports in the first 10 months of this year decreased by 5 percent year-on-year, reaching a total of $24.74 billion. This indicates a decline from the previous year's performance.

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