HANOI: In contrast to a lack of export orders at this time last year, textile and footwear enterprises have so far received full orders until the end of this year – and some enterprises even have orders for the first quarter of next year.

Bach Hong Long, deputy general director of the No 10 Garment Corporation, said his corporation is urgently completing orders for 2024. The corporation also has full orders until the end of February 2025.

The corporation is negotiating new orders through the first quarter of 2025, and about 70% of orders for the first quarter of 2025 have been finalised.

Due in part to this positive outlook, the corporation’s revenue in 2024 is expected to increase by 10 to 20% compared to last year.

Long also forecast that textile orders in Vietnam will increase sharply in 2025.

However, he noted, the increase is not due to rising demand in global markets, but due to a shift from one country to another.

Similarly, Dony Garment Co Ltd said that Dony’s orders are fully booked until the end of 2024 and it is negotiating new orders through March 2025.

Viet Thang Jean Co general director Pham Van Viet said his company received orders transferred from other countries, especially from Bangladesh, with cheap prices.

However, high-quality orders exported to European markets did not increase because the market has not recovered well.

Vietnam Textile and Apparel Association deputy chairman Truong Van Cam said the increase in orders was mainly due to a shift from other countries to Vietnam, not due to increasing market demand. 

 - ANN