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.

Garment and textile companies need to develop a strategy for digital transformation to ensure their survival and future development, a seminar heard in HCM City on October 6.

The Vietnam Tourism Association (VITA) in conjunction with the Vietnam E-Commerce Association (VECOM) on September 30 organised an online forum on digital transformation to promote Vietnam's tourism development in the context of global COVID-19 outbreak.

Plans by the United States to ban Chinese cotton is unlikely to affect Vietnam’s garment and textile industry as a large portion of the materials the Southeast Asian nation imports come from the US.

Cotton Day Vietnam 2020 will take place virtually on September 22, gathering leading scholars from Vietnam and the US.

The Vietnam Textile and Garment Group (Vinatex) forecasts the country’s textile and garment exports will continue to decline by 14-18% each month for the rest of 2020 over the same period last year.