A year since Vietnam reopened after a global pandemic, the country has seen trade recovering strongly.
Vietnam’s textile and apparel sector is aiming to climb up the value chain, but export and distribution networks remain fundamental flaws.
VOV.VN - Despite enduring numerous difficulties, the garment, textile and leather footwear sectors raked in US$71 billion last year, according to details given by the Vietnam Textile and Apparel Association (Vitas).
Textile and garment exports may reach US$47 - US$48 billion in the positive scenario for 2023 and US$45 - US$46 billion in the lower-case scenario, said the Vietnam Textile and Apparel Association (VITAS).
VOV.VN - The Vietnam Cotton Day 2022 is scheduled to get underway on October 4 in Ho Chi Minh City to introduce a range of fashionable products using cotton materials from the US and to seek solutions relating to sustainable development and traceability for local apparel firms.
VOV.VN - Vietnamese textile and garment exports surged by 24.3% to over US$26 billion during the first eight months of the year, with the export value of the products reaching US$4 billion for the first time in August alone, according to data given by the General Department of Vietnam Customs.
VOV.VN - The nation’s export turnover exceeded US$200 billion during the initial seven months of the year, with apparel products being one of the key export items.
VOV.VN - The Vietnamese textile-garment industry is set to earn up to US$21 billion from exports in the second half of the year, raising annual total shipments to between US$42 billion and US$43.5 billion.
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.
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.