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

Along with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Vietnamese garment and textile sector also needs a Vietnam-Canada free trade agreement or another bilateral deal to penetrate more deeply into the North American market, according to experts.

The Vietnam Trade Office in India arranged a pavilion to introduce Vietnam's textile and garment products at Intex South Asia, an international textile sourcing show opened in New Delhi on December 7.

The Vietnam Textile and Apparel Association (VITAS) has set a target of earning US$44 billion from textile and apparel exports in 2024 as positive changes have seen from the last quarter of this year.

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.