Illustrative image (Photo: VNA) According to the Vietnam Textile &Apparel Association (VITAS), garment and textile exports last year reached39.5 billion USD, down 10% year-on-year.
VITAS Chairman Vu Duc Giang said that in2023, Vietnam's textile and garment products were exported to 104 countries andterritories – a record number.
Businesses underwent significant changesbut they made efforts to diversify their exports with 36 items.
The main markets of Vietnamese garmentand textile exports were the US, Japan, the European Union (EU), the Republicof Korea, China, and Southeast Asia, together with some new markets such as Africaand Russia.
VITAS Vice Chairman Truong Van Cam said that 2024 will still see manychallenges for the industry, pointing to the extendedproducer responsibility (EPR) and the EU's carbon border adjustment mechanism(CBAM), as well as the strategy of “sustainable fashion” instead of “fastfashion”.
To achieve its set goal, the industry is implementingvarious solutions, with a focus on diversifying customers, markets, and products;speeding up digital transformation; and greening production, said Cam./.
VNA
