Demand for textile products slowed due to COVID-19 when consumers around the world focused on essential appliances and disease prevention and Vietnamese textile and garment enterprises faced many difficulties due to scarce orders.
The Viet Nam Textile and Garment Group (Vinatex) forecasts Viet Nam''s textile and garment exports will continue to decline by 14-18 per cent each month for the rest of 2020 over the same period last year.
Viet Nam saw a year on year reduction of 3.5 per cent in garment exports of the first two months this year to US$5.3 billion due to the impact of the novel coronavirus (COVID-19) outbreak.
Vietnamese textile and garment exports to Trans-Pacific Partnership (CPTPP) markets have failed to match the country''s stature as the world’s second largest apparel exporter.
Viet Nam expects to continue growth of textile and garment exports to South Korea by the end of the year after strong results in the first seven months of 2018, according to the General Department of Customs.
Viet Nam witnessed a growth in textile and garment exports to most of the major markets in the first five months of 2018, reported the General Department of Viet Nam Customs.
Viet Nam’s textile and garment exports to the US reached approximately US$3.14 billion in the first quarter of this year, marking a year on year increase of 13.2 per cent – the highest pace in the last three years, statistics from the General...
Viet Nam’s textile and garment exports this year are estimated to reach US$28.5 billion, meeting roughly 92 per cent of the set plan due to market difficulties, the Viet Nam Textile and Apparel Association (Vitas) reports.
The value of Viet Nam''s textile and garment exports reached US$12.18
billion in the first six months of this year, the Viet Nam National
Textile and Garment Group (Vinatex) said.
Textile and garment exports are set for a boom this year, according to
the Viet Nam Industrial and Trade Information Centre (VITIC), a Ministry
of Industry and Trade agency.
Viet Nam''s textile and garment exports saw growth of 32 per cent during the 2005-11 period, the fastest growth rate for this sector anywhere around the world, according to a recent survey.