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Vietnam garment makers hung out to dry as global orders vanish

Industry leader Vinatex weighs furloughs for 50,000 as coronavirus saps demand

Once a driver of Vietnam's rapid economic growth, the garment industry has taken a major beating from the coronavirus pandemic.   © Reuters

HANOI/YANGON -- Vietnam's textile sector is reeling from a sudden loss of orders that could be catastrophic to many garment makers, with industry leader Vinatex contemplating a furlough of up to 50,000 workers.

If the outbreak's impact persists, many businesses could go under, threatening not only Vietnam's economy but also the global supply chain that has supported such purveyors of fast fashion as Zara and H&M.

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