Vietnam’s garment-textile exports are likely to encounter a host of challenges in terms of both market and supply chain in the second half of this year despite positive results in the first half, heard a seminar in Ho Chi Minh City on June 21.

VOV.VN - Despite trade activities between the nation and South American nations seeing growth in recent times, it remains far from fulfilling its full potential, especially for the textile and garment sector, according to industry insiders.

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.

VOV.VN - Local processing and manufacturing industry enterprises have gradually adapted and quickly found ways in which to maintain production and resume smooth supply chains amid ongoing complications caused by the COVID-19 pandemic.

VOV.VN - The local garment and textile sector is targeting an export turnover of US$39 billion this year, marking increases of 11.2% and 0.2% compared to 2020 and 2019, respectively, according to the Vietnam Textile and Apparel Association (VITAS).

VOV.VN - With export turnover surging by 11% to reach approximately US$32 billion during the past 10 months of the year, the local garment and textile industry is anticipated to rake in roughly US$38 billion this year, according to the Vietnam Textile and Apparel Association (Vitas).

VOV.VN - The fifth Cotton Day Vietnam will be held virtually on December 1 to give garment makers a chance to learn about how to adapt to post-pandemic markets globally.

VOV.VN - The Vietnamese garment and textile sector has found itself in dire straits to meet its US$39 billion export target this year as it is now facing supply chain disruption, order shifting to rivals and a shortage of workers as a result of the COVID-19 pandemic, according to industry insiders.

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.