Several of Vietnam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.

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.

Vietnamese textile and garment firms will get opportunity to promote their brands on Amazon Global Selling.

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).

VOV.VN - Vietnamese export turnover to the United Arab Emirates (UAE) soared by roughly 60% to approximately US$737 million during the past two months, with imports enjoying a surge of 44% to US$72 million, according to data released by the Vietnamese Trade Office in the UAE and Qatar.

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.