CMLV garment industry expected to be a coronavirus casualty

The regional textile industry has come under near-term threat from the global Covid-19 outbreak, especially for key producer Cambodia.

Sian Fenner, lead Asia economist at Oxford Economics, noted in a recent report that lockdowns adopted to contain the spread of the virus “have had a severe impact on manufacturing and exports” in Cambodia, Laos, Myanmar and Vietnam (CLMV).

The textile industry was singled out as a casualty, as more than 55 per cent of the materials that go to clothes manufacturing in Cambodia, Myanmar and Vietnam come from their Chinese neighbour where factories were shuttered in early 2020.

In full: https://www.businesstimes.com.sg/asean-business/cmlv-garment-industry-expected-to-be-a-coronavirus-casualty

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