Vietnam’s garment-textile and footwear have borne the brunt of COVID-19 and firms in the sectors may take a long time to recover, experts said.
VOV.VN - The local textile and garment industry continued to enjoy robust growth during the first half of the year as export turnover saw an annual increase of 15% to reach US$15.2 billion, according to the Ministry of Industry and Trade.
The proportion of textile and garment factories that have closed due to the COVID-19 pandemic has reached 30-35%, according to the Vietnam Textile and Apparel Association (Vitas).
Vietnam’s garment-textile export turnover hit nearly US$19 billion in the first six months of 2021, up more than 20% year-on-year.
VOV.VN - Various Vietnamese associations have stated their desire to seek the Government’s support to facilitate import procedures of COVID-19 vaccines from a firm operating in the United Arab Emirates (UAE).
VOV.VN - Vietnam’s export industries posting a trade deficit over the opening five months of the year is not a worrying sign as most imported items are raw materials necessary for production, especially for the group of export goods, according to industry insiders.
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).
The target of Vietnam earning US$39 billion from garment and textile exports in 2021 is perfectly feasible, Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS), has said.