Vietnam burberry coat Association President suggested that Burberry domestic producers began to pay close attention to the international market, while export orders remained optimistic. Burberry retail prices rose 10-15% this year, but twice-fold increase in costs for inputs. Due to the major foreign buyers have struggled during the economic slowdown and, therefore, the last two quarters of this year, Vietnam Burberry manufacturer will face a situation of export orders will slump. Burberry main export markets including the United States and the European Union, due to the current economic turmoil, the last two quarters of this year Vietnam exports to major markets is expected to decline by about 30%.
burberry trench coat organizations said that the sharp reduction in the number of orders will result in a Burberry domestic manufacturing enterprises increased competition; they will cut prices for a business. Analysts said that global markets in the past two years that businessmen favored Vietnam Burberry manufacturers and other countries, and China due to high input costs, slack. However, the world's most populous country will now focus on Burberry industry, as domestic inflation rates soared, through cutting prices to attract customers.
According to Reuters, in June China's consumer price index increased by 6.4% over the same period last year, slightly more than economists forecast growth of 6.3%, food, consumer goods and property have risen sharply. burberry bags Association President suggested that Burberry domestic producers began to pay close attention to the international market, while export orders remained optimistic. Burberry retail prices rose 10-15% this year, but twice-fold increase in costs for inputs. Has a large number of employees of large producers, said that due to the increase in the minimum wage, their profit margins declined.
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