Textile & Apparel
Textiles
Vietnam exporters concerned as rising shipping costs hit profits
Aug 15, 2024
Insights
- Shipping fees for major routes from Vietnam to the EU and the US have significantly risen, hitting profits of Vietnamese exporters, who are concerned about their competitiveness.
- A severe shortage of containers has made booking a ship a challenge as well.
- Chinese exporters put down large sums of money to book containers in advance, driving prices even higher