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Shortage of containers, high logistics costs hit textile exports

Container and warehouse shortages and surging container shipping costs have hit the textile and garment industry hard, insiders told a seminar in Ho Chi Minh City.
Shortage of containers, high logistics costs hit textile exports ảnh 1At Tan Cang, Cat Lai port in Ho Chi Minh City (Photo: VNA)
HCM City (VNS/VNA) - Container and warehouse shortages and surging containershipping costs have hit the textile and garment industry hard, insiders told aseminar in Ho Chi Minh City.

Speaking atthe seminar organised by the Vietnam Textile and Apparel Association (VITAS)and Saigon Newport Corporation last week, Nguyen Thi Tuyet Mai, deputy generalsecretary of the association, said container shortages and delays at ports arecausing a headache for exporters and importers globally.

Deliverydelays mean textile and garment businesses could have to pay compensation tobuyers, she said.

Logisticscosts threaten to affect Vietnam’s economic competitiveness, particularly itstextile and garment industry, she said.

Vietnam needsto develop shipping lines for shipments to Europe and the US, which are largemarkets for its textile and garment businesses, making it less reliant oninternational shipping lines, she added.

Nguyen Thi MyLe, deputy marketing director of Saigon Newport Corporation, said her companyhas made efforts to provide a full package of logistics services and solutionsto help customers reduce costs.  

Textiles areamong the country’s major export items, and Saigon Newport accounted for theirlargest cargo throughput last month, she said.

Exports thisyear are estimated at 39 billion USD, up 11.2 percent, according to VITAS./.
VNA

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