Vietnamplus

Vietnam’s textile and garment export turnover to Indonesia reached over 10 million USD in September 2022, more than four times that of the previous month.

The textile and garment sector has predicted that difficulties will remain for its exports in the first half of 2023, but there are also silver linings it can pin hopes on.

Vietnam’s textile and garment export turnover to Indonesia reached 10.057 million USD in September 2022, more than four times that of the previous month.

Vietnam’s textile - garment industry is set to earn 45 billion USD in exports in 2022, compared to 40.4 billion USD last year, an insider has said.

Vietnam's textile-garment producers set to earn up to 21 billion USD from exports in the second half of this year, raising total shipments of the year to around 42 – 43 billion USD.

Vietnamese textile-garment producers set to earn up to 21 billion USD from exports in the second half of 2022, raising total shipments of the year to around 42 – 43 billion USD, Chairman of the Vietnam Textile & Apparel Association (VITAS) Vu Duc Giang told a press conference on July 21.

Vietnam’s textile-garment export revenue is expected to reach 39 billion USD in 2021.

Vietnam's garment export turnover is expected to increase to 16.04 billion USD in the second half of this year from 14.96 billion USD in the first half, the US website Fiber2Fashion reported on August 11.

Vietnam’s textile and garment industry is predicted to earn about 33.5 - 34 billion USD from exports in 2020, higher than the forecast of 30-31 billion USD in April, and down 14-15 percent year-on-year.

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

The EU-Vietnam Free Trade Agreement (EVFTA) is expected to provide a host of opportunities to Vietnamese enterprises to bolster their exports, but they must also meet strict requirements in order to fully capitalise on the deal, insiders have said.

Vietnam’s textile and garment industry was likely to reach its target of 40 billion USD in export turnover this year despite facing difficulties in some markets.

Insiders have recommended Vietnam pay attention to developing weaving and other production activities supporting the textile-garment sector to make best use of the EVFTA, a freshly-inked free trade agreement with the European Union.

A delegation of Vietnamese businesses has visited Canada to promote textile and garment exports to the North American nation under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

More than 30 leading Vietnamese producers of garments, textiles, handicrafts and fashion accessories will be showcasing their products at one of Asia’s largest exhibitions to be held in Hong Kong at the end of this month.

Recommendations were given to Vietnamese textile-garment businesses at a workshop in Ho Chi Minh City on April 10 to help them develop strategies for sustainable development.

Taking advantages from free trade agreements Vietnam has signed, the textile and garment sector sets a target of earning 40 billion USD from exports in 2019.

The country’s textile-garment export turnover reached 4.89 billion USD over the past two months, up 19 percent year-on-year, according to the Ministry of Industry and Trade (MoIT).

The Vietnam Textile and Apparel Association (VITAS) has set the industry’s export turnover target this year at 40 billion USD, a 10.8 percent year-on-year increase from 2018.

The northern province of Ninh Binh earned 1.1 billion USD from exports in the first nine months of 2018, up 33.6 percent year on year, helping the locality fulfill 88.9 percent of its yearly target.