Vietnam has so far attracted 3,500 foreign direct investment (FDI) projects in the garment - textile industry with a combined value of US$37 billion, according to the Vietnam Textile and Apparel Association (VITAS).

Although the garment and textile industry is witnessing new export growth, the sector still faces challenges due to increasing market and customer demands, requiring them to leverage the industry’s position in the world market, according to experts.

The recovery of Vietnam’s garment-textile sector remains on track and is expected to make breakthroughs in the time ahead, insiders have said.

VOV.VN - Ho Chi Minh City will host Cotton Day Vietnam 2024 on September 27 to introduce the United States’ cotton market and to strengthen trade connectivity between local and foreign businesses, according to the Vietnam Textile and Apparel Association (VITAS).

VOV.VN - Twenty-five Vietnamese garment makers have showcased their products at the recent Sourcing at Magic Fashion Trade Show in Las Vegas, USA, to sound out market opportunities, according to the Vietnam Textile and Apparel Association (VITAS).

VOV.VN - Vietnam earned US$4.29 billion from exporting textile and garment products in July alone, marking the first month this year in which the sector’s exports have reached over US$4 billion, the highest figure since August, 2022.

VOV.VN - The garment industry says its goal of earning US$44 billion from exports this year is likely to be within reach as many garment makers have secured export orders till the end of the third quarter, plus sound performance in the first quarter.

VOV.VN - Vietnam exported 12,000 tonnes of tea worth more than US$21 million in January, representing a surge of 85% in both volume and value in comparison to the same period from last year.

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

The tension in the Red Sea, which has led to increases in logistic costs and shipping time, is forecast to affect Vietnamese exporters of garment, textile, footwear and leather products from the second quarter of 2024 if it persists.