The profits of Vietnamese textile and garment enterprises were diverse in the fourth quarter, with many big names posting great losses.

Textile and garment exports may reach US$47 - US$48 billion in the positive scenario for 2023 and US$45 - US$46 billion in the lower-case scenario, said the Vietnam Textile and Apparel Association (VITAS).

Vietnam’s textile and garment export turnover to Indonesia reached US$10.057 million in September 2022, more than four times that of the previous month.

The textile and garment sector has predicted that difficulties will remain for its exports in the first half of 2023, but there are also silver linings it can pin hopes on.

There remain difficulties for enterprises in the last months of this year, requiring them to be proactive and flexible to finish the year with strong export performance.

An official has advised businesses to adopt green practices to secure sustainable growth in textile and garment export to Canada, where Vietnam ranks second among the exporters of such products.

Vietnam's textile and garment export value reached US$35 billion in the first nine months of 2022, up 21% over the same period last year.

VOV.VN - Vietnamese textile and garment exports surged by 24.3% to over US$26 billion during the first eight months of the year, with the export value of the products reaching US$4 billion for the first time in August alone, according to data given by the General Department of Vietnam Customs.

VOV.VN - Vietnam produced a trade surplus of US$3.96 billion during the first eight months of the year to gradually regain its pre-pandemic growth.

Vietnam has surpassed the Republic of Korea to become the world’s sixth largest fibre and yarn exporter after shipping abroad US$2.37 billion worth of these items in the first five months of 2022.