Bangladesh Vietnam "Cheap" To Grab Clothing Orders
Face
Power shortage
And the cost of production has risen sharply. The industry estimates that the labour intensive toy industry and clothing industry will become a major disaster area. The former will drop by 5% in the second half of the year, and the latter will probably fall by nearly 10%, due to recent years in Bangladesh and Vietnam.
cost
Lower, robbed many Chinese
Garment orders
The pressure on garment industry is increasing.
However, the Hongkong watch industry performed better and expected a 10% increase.
Guo Zhenhua, director of the Hongkong Association of industries, said that in recent years, many mainland and Hongkong garment manufacturers have set up factories in Bangladesh and Vietnam as the cost of garment factories in Southeast Asia is 10% lower than that in the mainland. Many orders originally produced in the mainland have been pferred to the local.
However, as far as textile and apparel Buyers are concerned, some European orders are turning to Bangladesh, Pakistan, Laos and Indonesia. But the production capacity and quality of these countries can not be the same as that of China. Moreover, some countries do not have raw materials, such as Bangladesh.
cotton
China has a comparative advantage in terms of overall production conditions.
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