Bright signs from textile and apparel export 22:13 | 03/03/2021
Many textile apparel firms have posted upbeat export performance in early 2021 with signed export orders until this upcoming July and August.
Apparel exports have been showing signs of a rebound since the end of the third quarter last year
Recent figures by the Vietnam General Department of Customs show that as of February 15, Vietnam raked in $3.77 billion from textile and apparel exports, up $270 million compared to the same period in 2020.
Le Tien Truong, deputy chairman of the Vietnam Textile and Apparel Association (Vitas) and chairman of state-run group Vinatex noted that with the COVID-19 situation still intense and consumption declining in Vietnamâs major export markets like the US, EU, and Japan, many local firms have adopted smartly by shifting to producing items for common use with reasonable price tags.
Thursday, 13:01, 18/02/2021
Vietnam raked in US$2.6 billion from exports of textiles and garments in January 2021, up 3.3% year-on-year, according to the Ministry of Industry and Trade.
The ministry said in January 2021, the textile production index and the apparel production index increased by 16.6% and 9.9%, respectively, over the same period in 2020. The production of fabrics was estimated at 92.4 million sq.m, up 20.4%.
According to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS), the COVID-19 pandemic will continue to affect the sector until 2022.
If COVID-19 vaccines are available in the first and second quarter of 2021, the pandemic is expected to be controlled by the end of 2023. Then, the textile and garment market could see recovery, Giang said.
39 billion USD in export revenue this year (Photo: VNA)
Hanoi (VNA) – Vietnam’s garment-textile sector sets a target of 39
billion USD in export revenue this year, equal to that of 2019, according to
the Vietnam National Textile and Garment Group (
Last year, due to impacts of the COVID-19 pandemic, the
US-China trade tensions, the trade protectionism and the Brexit, Vietnam’s
garment-textile exports reached only 35 billion USD.
However, the result is still remarkable given the global
demand dropping over 22 percent.
In 2020, Vietnam was the only among the world’s top five
garment-textile exporters not to have to cease production.
Vinatex recorded total revenue of 15.5 trillion VND (670.7