Industry And Cluster | News & Insights

Garment companies with more orders employ fewer people

Published: July 2, 2021
Author: Manali bhanushali
Many garment and textile manufacturers got increased orders in the first half of this year, but a manpower shortage has spurred demands for workers to get vaccinated as soon as possible.
Until the end of the year, most garment and textile businesses have received orders for manufacturing. TNG Thai Nguyen Company’s export revenues increased by 31% in the first half of this year compared to the same period last year.  According to the head of the Hung Yen Garment Company (Hugaco), if the ongoing fourth wave of Covid-19 is not managed, garment businesses would be in difficulties since halting production will cost them 10% of their income.
Vietnamese garment and textile businesses are facing labour shortages as a result of a prevalent employment trend in the industry. Exports of clothing and textiles increased by nearly 15% year on year to $15.2 billion in the first half of this year. The government believes that 300,000 doses of vaccinations are required for 150,000 workers, but just 3,000 have got the injections thus far.
Recruitment demand in the Vietnamese garment and textile business grew by 50-60% in the first half of this year compared to the same period last year. According to Navigos Group, a recruiting service provider, many people were no longer interested in working in the industry due to poor compensation. Vinatex believes that it needs 300,000 vaccination shots for 150,000 workers, but only 3,000 people have received the shots so far.

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