Since April, Vietnam, Malaysia, Singapore, the Philippines, Cambodia and Indonesia have relaxed entry restrictions one after another. It can be predicted that with the improvement of consumption expectations, the order demand of Southeast Asian countries will "retaliate" rebound.
In fact, the market reaction is always faster than all kinds of judgment. Since Vietnam opened its entry in mid March, after half a month of demand brewing, the freight rates of some container routes from North China to Ho Chi Minh have increased by more than 50%; Prices in South China and the Philippines also showed an upward trend; Thai shipping space is also very tight. After the gradual unsealing of Southeast Asia, domestic textile leaders also began to force the Southeast Asian market again. It is not difficult to foresee that the textile and clothing manufacturing industry has to adopt overseas investment to absorb the pressure of rising costs.
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