VOV.VN - Business magazine Forbes of the United States recently published an article explaining why the Vietnamese textile industry has been able to combat the impact of the novel coronavirus (COVID-19) pandemic.

VOV.VN - The local textile and garment sector is anticipated to bounce back during the third quarter of 2022, according to Le Tien Truong, chairman of the Vietnam National Textile and Garment Group (Vinatex).

The textile and apparel industry, which managed to survive three waves of COVID-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn, according to the Vietnam National Textile and Garment Group.

VOV.VN - Amid complicated developments by the COVID-19 pandemic, local textile and apparel firms have been forced to change their business mindset, boost connectivity, expand into new markets, and maximise the benefits from free trade agreements (FTAs) to meet this year’s export target of US$39 billion, according to insiders.

VOV.VN - Vietnam’s import-export turnover from the beginning of the year to February 15 reached over US$74 billion, with the country enjoying a trade surplus of roughly US$3 billion, according to figures compiled by the General Department of Vietnam Customs.

Vietnam raked in US$2.6 billion from exports of textiles and garments in January 2021, up 3.3% year-on-year, according to the Ministry of Industry and Trade.

VOV.VN - Despite the global fashion industry suffering from a range of challenges caused by the novel coronavirus (COVID-19) pandemic, the Vietnamese garment and textile industry has recorded positive growth in market shares to major locations such as the United States and Europe.

VOV.VN - Local garments and clothing items made using fabrics from the Republic of Korea (RoK) are set to enjoy lower tariffs than in the EU, according to a statement issued on February 8 by the Korean Ministry of Trade, Industry and Energy.

VOV.VN - The enforcement of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2019 served to turn Canada into a ‘billion-dollar’ export market for the local textile and garment industry.

VOV.VN - The garment and footwear sectors successfully maintained their export growth momentum in January with footwear exports witnessing a surge of 26.4% to US$1.8 billion against the same period from last year, according to the Ministry of Industry and Trade (MoIT).