VOV.VN - Vietnam has surpassed Bangladesh to become the world’s second largest apparel and textile exporter, ranking only behind China, said Hoang Manh Cam, spokesperson for the Vietnam National Textile and Garment Group (Vinatex) at a press briefing on December 25.

Vietnam's textile and garment industry will improve productivity to reduce pressure from increasing labour costs that are putting the textile industry under great competitive pressure.

VOV.VN - Vinatex, Vietnam’s leading textile giant, will export its first shipment of fire-resistant fabrics to the United States, Indonesia, India, and the Middle East in July, the company’s representative has announced.

The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.

Enjoying a rise in orders, the garment and textile sector is optimistic about the completion of its target of earning US$44 billion in export revenue set for this year.

VOV.VN - There are positive signs ahead for Vietnamese exports in 2024 thanks to the recovery of the global economy, increasing consumption demand, and the effective enforcement of free trade agreements (FTAs).

VOV.VN - Vietnamese garment and textile exports dropped by 15.9% to US$22.5 billion in the opening seven months of the year, the Vietnam National Textile and Garment Group (Vinatex) reported in its latest report.

Vietnamese garment enterprises are facing more competition as well as stricter quality and environmental standards in the global market.

VOV.VN - The garment industry has been struggling to deal with a serious shortage of export orders over the past few months, and the challenging period is forecast to last for several months more.

A year since Vietnam reopened after a global pandemic, the country has seen trade recovering strongly.