VOV.VN - The Republic of Korea (RoK) takes the lead in terms of investing into the Vietnamese garment and textile industry, with bilateral trade in the field reaching roughly US$6.3 billion by 2020.
VOV.VN - With export turnover surging by 11% to reach approximately US$32 billion during the past 10 months of the year, the local garment and textile industry is anticipated to rake in roughly US$38 billion this year, according to the Vietnam Textile and Apparel Association (Vitas).
VOV.VN - Depending on the amount of exports exceeding the threshold, Vietnamese textile and garment products are set to be subject to the most favoured nation (MFN) tax rate for a period of six months or nine months.
VOV.VN - The Vietnamese garment and textile sector has found itself in dire straits to meet its US$39 billion export target this year as it is now facing supply chain disruption, order shifting to rivals and a shortage of workers as a result of the COVID-19 pandemic, according to industry insiders.
VOV.VN - Vietnam's exports to the Australian market during the past eight months of the year increased by 18.7% to reach over US$2.77 billion compared to the same period from last year, according to statistics released by the General Department of Vietnam Customs.
VOV.VN - Vietnamese export turnover to the United States is anticipated to surpass the US$96 billion mark this year as the trade surplus reaches highs of US$81 billion, according to industry insiders.
VOV.VN - The country recorded a trade deficit of more than US$3 billion between the beginning of the year and mid-July, according to details given by the General Department of Vietnam Customs.
VOV.VN - Vietnam’s import-export value stood at US$288.68 billion between the beginning of the year and mid-June, with a trade deficit reaching US$1.96 billion, according to figures provided by the General Department of Vietnam Customs.
VOV.VN - The domestic textile and apparel industry has maintained its growth momentum with four-month export turnover increasing by 13.33% to US$11.747 billion compared to the same period from last year, according to data released by the Vietnam Textile and Apparel Association (VITAS).
The target of Vietnam earning US$39 billion from garment and textile exports in 2021 is perfectly feasible, Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS), has said.