VOV.VN - Vietnamese exports in August enjoyed growth of 7.7% compared to the previous month, indicating that solutions to trade promotion and market search of local enterprises has produced positive results whilst there remains opportunities and potential markets for Vietnamese exports ahead in the rest of the year.

Two Vietnamese companies joined more than 200 other exhibitors at a fair called Apparel Textile Sourcing Canada 2023 held in Toronto from August 21-23.

VOV.VN - The Vietnam Textile and Apparel Association (VITAS) and the Korea Federation of Textile Industries (KOFOTI) have inked a memorandum of understanding (MoU) to boost bilateral cooperation, KOFOTI said on August 24.

A delegation from the Vietnam Textile and Apparel Association (VITAS) and the Vietnam Leather, Footwear and Handbag Association (LEFASO) joined the 16th edition of the Sourcing at Magic (Magic Show) in the US city of Las Vegas from August 7-9, with 20 stalls.

While enterprises are seeking to diversify markets to cope with drops in orders, experts urge attention to be attached to legal risks which might arise from doing international trade in a volatile world.

Vietnamese apparel firms have been busy so far this year to complete orders, toward achieving the goal of earning about US$47 billion from export this year on the back of incentives brought about by free trade agreements that already took effect.

With obstacles and challenges awaiting the garment and textile sector in the first half given a lack of recovery signal in global demand, most firms have prepared their schemes to overcome.

Vietnam’s textile and apparel sector is aiming to climb up the value chain, but export and distribution networks remain fundamental flaws.

VOV.VN - Indian news outlet stattimes.com recently published an article saying Vietnam is likely to become a burgeoning industrial hub, especially for tech and apparel, as well as its beautiful beaches and delicious cuisine.

VOV.VN - Despite enduring numerous difficulties, the garment, textile and leather footwear sectors raked in US$71 billion last year, according to details given by the Vietnam Textile and Apparel Association (Vitas).