Business

Textile - garment exports to grow further this year

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.
Textile - garment exports to grow further this year ảnh 1A garment factory in Vietnam (Photo: VNA)
Hanoi (VNA) –Vietnam’s textile - garment industry is set to earn 45 billion USD in exports in2022, compared to 40.4 billion USD last year, an insider has said.

Truong Van Cam, Vice Chairmanof the Vietnam Textile and Apparel Association (VITAS), said the industry has been expanding fast over the last five years, at 20 - 26% annually. Vietnam iscurrently the world’s third largest exporter in this regard.

The country’s textile andgarment products are holding a global market share of 5.2%, with the biggestimporters being the US, the Republic of Korea, Japan, and Europe.

Cam held that to sustain thegrowth trend, the State should quickly disburse the financial aid package forenterprises and reform the mindset in attracting investment to textile andgarment material production.

Meanwhile, businesses should adoptgreen manufacturing practices, including reducing and recycling waste, to meetthe growing preference for environmentally friendly products, he added./.
VNA
#textile - garment #Vietnam Textile and Apparel Association #VITAS #green manufacturing #environmentally friendly products #updated Vietnam news #Vietnamplus #Vietnam News Agency
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