Vietnam Textile and Apparel Association (VITAS) on November 23 announced that Vietnam’s textile and apparel exports are estimated to top US$40 billion, about 9% less than that of last year.

Despite the gloomy gloomy outlook of the global economic, Vietnamese exporters of yarn, garment, textile, and leather shoes are still seeing a brighter future as robust signs are looming on the horizon.

VOV.VN - As of September, there have been six key Vietnamese commodities with export value enduring a decrease of at least US$1 billion each, according to the General Department of Vietnam Customs.

VOV.VN - More than 200 Vietnamese and foreign businesses from 15 countries and territories worldwide are expected to participate in the 21st Vietnam International Textile and Garment Industry Exhibition (VTG) 2023 in Ho Chi Minh City from October 25 to 28, according to details given by the organisers.

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 - Although textile and garment export turnover in August continued to endure a fall compared to the same period last year, the apparel export market is in the process of showing gradual recovery while workers’ jobs are still being guaranteed.

Vietnam Texfuture 2023 Fall Winter, an international innovative fabric exhibition, opened in Ho Chi Minh City on September 20.

The development strategy of the textile and garment industry until 2030 with a vision to 2035 has clearly identified that exports will continue to be a major and crucial driving force for the sector's growth.

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.