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Thursday, May 23, 2024

Decline in US demands hit southeast Asia garment industry exporters

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The Caspian Times is a platform that showcases stories and perspectives from across Eurasia. We aim to inform, inspire and empower our readers with high-quality journalism that covers the diverse and dynamic region.

The garment industry in Southeast Asia, especially in Vietnam and Cambodia, is facing a decline in orders from its key market, the United States, due to the impacts of high inflation. The industry, which employs millions of workers and is a major source of export revenue for the region, is struggling to cope with the weakening global demand and rising production costs.

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