Experts gathered at a forum in Ho Chi Minh City on April 25 to seek ways to untangle knots in terms of capital and market for exporters in the context that the ongoing conflicts in many regions are disrupting international trade.

VOV.VN - There are positive signs ahead for Vietnamese exports in 2024 thanks to the recovery of the global economy, increasing consumption demand, and the effective enforcement of free trade agreements (FTAs).

The garment and textile sector has set a target of US$44 billion in export turnover this year, up 10% year-on-year.

Despite a continued decrease in export turnover in the first eight months compared to the same period last year, the textile and garment industry has shown numerous signs of recovery and opportunities for stronger growth in the remaining months of 2023.

Although Vietnam is a top garment and textile exporter in the world, challenges loom large when it comes to shipment abroad of fabric and costumes that bear Vietnamese cultural identities.

VOV.VN - Vietnamese garment and textile exports dropped by 15.9% to US$22.5 billion in the opening seven months of the year, the Vietnam National Textile and Garment Group (Vinatex) reported in its latest report.

VOV.VN - During the first half of 2023, five Vietnamese commodities raked in more than US$10 billion each in export earnings, making up 57.8% of the country’s export value.

VOV.VN - The garment industry has been struggling to deal with a serious shortage of export orders over the past few months, and the challenging period is forecast to last for several months more.

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.