Export turnover of garment and textile products reached 5.3 billion USD in the first two months of 2020 (Source: VNA) Hanoi (VNA) – The export turnover of garment and textile products reached5.3 billion USD in the first two months of 2020, down 3.5 percent year-on-year.
Of the total, 4.2 billion USD came from theshipment of clothes and 512 million USD from yarn, down 2.3 percent and 16percent, respectively, according to the Vietnam Textile and Apparel Association(VINATEX).
At present, the supply of raw materialsbasically meets production demand in March and April.
However, the sector is facing a lot ofdifficulties, as the world economy is affected seriously by the coronavirusdisease (COVID-19), resulting in a decrease in global demand.
Vietnam’s garment and textile exports fetched 39 billion USD in 2019, up 7.55percent over the previous year but 1 billion USD lower than the target.
In 2020, the industry aims to achieve anexport turnover of about 42 billion USD./.
VNA
