Textile and garment export turnover in the first six months of 2022 is estimated to increase 23% on-year to about US$22 billion, reaching the highest level ever, according to the Vietnam Textile and Apparel Association.
Vietnam’s garment-textile exports are likely to encounter a host of challenges in terms of both market and supply chain in the second half of this year despite positive results in the first half, heard a seminar in Ho Chi Minh City on June 21.
VOV.VN - Vietnamese typical products, including rice, tea, coffee, traditional long dress and palm-leaf conical hats, are being on show at the 53rd International Fair of Algiers at the Safex Exhibition Centre.
Vietnam reported a year-on-year surge of 23.5% in textile and garment exports to earn US$18.7 billion in the first five months of this year in the midst of lingering market uncertainties coupled with rising prices of inputs.
Although the demand for Vietnamese textiles is forecast to rise steadily in the short term, firms are concerned that tight material supply will impede their export plans.
VOV.VN - The German newspaper Finanzmarktwelt (Financial Market World) has recently published an article highlighting the nation’s move to fully open up activities following the COVID-19 pandemic, with all industries showing signs of recovery.
VOV.VN - Despite Vietnam enduring a brief setback in 2021 due to the highly-infectious Delta variant of the COVID-19 pandemic, its economy has begun to recover since the end of last year, with exports recording an outstanding performance, Hong Kong (China)-based news outlet HK01 reported.
VOV.VN - Investors from the Republic of Korea (RoK) have developed a greater presence in multiple fields in the northern port city of Hai Phong, including garments and textiles, electronics, automobiles, finance and banking.
VOV.VN - The United States continued to be the nation’s largest export market during the first quarter of the year, accounting for 29.1% of the country's total turnover.
Egyptian President Abdel Fattah El-Sisi said he hoped Vietnam and Egypt will actively maintain the friendly and cooperative relations when he received the letter of credentials presented by newly-appointed Vietnamese Ambassador Nguyen Huy Dung in Cairo on March 31.