Power shortage may hit Vietnam's textile exports

Vinatex feels it will struggle to execute textile export orders due to the expected power cuts in the dry season.

Vietnam’s leading textile firm added that most of its subsidiaries have received export orders for the whole of this year, the Vietnam Business News reported.

In recent times many textile firms have moved their plants to the rural areas in central Vietnam to take advantage of cheap labor. With a power shortage looming, rural areas are expected to be worse-hit than cities.

The Vietnamese government has asked authorities in the central region to focus on supplying sufficient power to textile plants this year.

In the first two months textile exports were worth $2.1 billion, 54 percent up from the same period last year.