Truong Van Cam, deputy chairman of Vitas, said these figures were anticipated to fall much further in May and June due to the majority of export orders being cancelled or delayed.
The total export value of textiles, fiber, and cloth reached US$25.7 billion in the first 8 months of the year, up 8.6 per cent year on year, including 60.6 per cent from foreign direct investment (FDI) enterprises.
Despite facing difficulties, the garment and textile sector is expected to export products worth US$31 billion this year, a year-on-year increase of 10.2 per cent, and the outlook is bright for next year too, the Viet Nam Textile and Apparel...
Viet Nam''s textile and garment industry needs to motivation
itself and attract foreign investors to top ASEAN member states in the
field, said the Chairman of the Viet Nam Textile and Apparel Association
(VITAS), Vu Duc Giang.
Viet Nam''s garment and textile export turnover is likely to reach
US$24.5 billion this year, a 19 per cent rise against 2013 and the
largest increase in the past three years.
Viet Nam can significantly increase exports of garment and textiles if
it joins bilateral free trade agreements and multilateral ones like the
Trans-Pacific Partnership, but only if it can set up a robust supply
chain.