Vietnam's footwear exports brought home US$11.27 billion from the start of the year to July 15, a year-on-year surge of 28.36%, according to the General Department of Vietnam Customs.
With many local textile-garment makers unable to confirm when they can resume operations, many of their foreign business partners are switching orders from Vietnam to other countries.
VOV.VN - The country recorded a trade deficit of more than US$3 billion between the beginning of the year and mid-July, according to details given by the General Department of Vietnam Customs.
VOV.VN - Vietnam’s import-export value stood at US$288.68 billion between the beginning of the year and mid-June, with a trade deficit reaching US$1.96 billion, according to figures provided by the General Department of Vietnam Customs.
Despite COVID-19 cutting into demand for textiles and garments, enterprises have poured investment into materials to improve production capacity, completing the supply chain and taking advantage of new generation free trade agreements (FTAs) that have come into effect.
VOV.VN - China is anticipated to become a major market for Vietnamese garments and textiles moving forward due to the country facing numerous challenges when exporting items to the United States, the EU, and Japan this year.
VOV.VN - During the opening five months of the year, Vietnam’s textile-garment, leather and footwear industries enjoyed positive signs in several key export markets.
Vietnam’s textile and garment exports grew 9% to over US$9.5 billion in the first four months of 2021, with shipments of cord fabric and fibre and yarn increasing 35.7% and 43.4%, respectively, year-on-year.
The Vietnam Textile and Apparel Association (VITAS) is committed to promoting the sector’s sustainable development with the aim of raising the living standards of its employees under the UN’s Sustainable Development Goals (SDGs).
VOV.VN - The domestic textile and apparel industry has maintained its growth momentum with four-month export turnover increasing by 13.33% to US$11.747 billion compared to the same period from last year, according to data released by the Vietnam Textile and Apparel Association (VITAS).