The Vietnamese textile and garment export sector which has been witnessing a declining trend since the beginning of this year is seeking assistance from the government to navigate the challenges. “Textile and garment exports started slowing down in the final months of 2022, and there haven’t
Vietnam’s textile and apparel sector has not been able to fully unlock the full potential and benefits of the free trade agreements (FTAs), which it has signed with several countries and regions. In order to address the challenge, the Vietnamese Ministry of Industry and Trade (MoIT) is leveraging connections between ministries, association and industry stakeholders. […]
Vietnamese textile and garment manufacturer, TNG Textile announced that it has crossed its revenue target for 2023 ahead of schedule and may be the only Vietnamese textile company to do so. The company which had set targeted revenue of VND 6,800 billion completed the target by mid-December, primarily due to bagging new buyers like Walmart, […]
The Vietnamese textile and garment industry has set a target of exporting textiles and apparels amounting to US $44 billion for the next year. This was informed by Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS) at a press conference. This ambitious target has been set in the background of textile […]
This year, Vietnam-made textile and garments were exported to a total of 104 countries, despite a decline in export turnover. This was informed by Vũ Đức Giang, Chairman of Việt Nam Textile and Apparel Association (VITAS) and reported by Vietnam News Agency. “This demonstrates efforts of the exporters to diversify markets amid drop in consumption […]
Vietnam’s textile and apparel exports totaled US $2.566 billion in October 2023, down 5.04 percent year on year and a marginal 0.06 percent month-on-month. In the first ten months of the current year, Vietnamese textile and garment exports reached $27.67 billion, a year-on-year decline of 12.9 percent. In October, yarn exports were 162,700 tons, an […]
In the first eight months of the current year, Vietnamese textile and apparel exports slipped 14.4 percent year on year to US $22.5 billion. However, for the month of August alone, they rose by 5.5 percent over the same month of previous year to $3.4 billion. Of overall textile and apparel exports, those to the […]
In July 2023, garment exports from Vietnam totaled US $3.27 billion, an increase of 6.8 percent, when compared with June 2023. As against the earlier eleven months, Vietnamese clothing shipments recorded the highest value in July 2023, according to the General Statistics Office (GSO). “Shipments of apparel are showing recovery signs in several markets and […]
In the first seven months of 2023, apparel exports from Vietnam dropped 15.9 percent, compared to the same period in 2022, to US $22.5 billion. In the months between January to July 2023, clothing exports fell 24 percent to the US, 10 percent to the EU, by another 10 percent to China and also by […]