Vietnam earns nearly 19 billion from textile exports in H1

10:26 02/08/2021 - Social news

Vietnam’s garment-textile export turnover hit nearly US$19 billion in the first six months of 2021, up more than 20% year-on-year.

The positive results was attributed to early post-pandemic recovery of markets.

However, Chairman of Chairman of the Vietnam National Textile and Garment Group (Vinatex) Le Tien Truong, said businesses are facing new challenges due to severe impacts of the fourth wave of COVID-19 outbreaks, which started from late April in the country.

According to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang, Vietnam set to earn US$39 billion from garment and textile exports in 2021.

To realise the target, businesses need to proactively seek sources of raw materials for domestic production in order to take advantage of opportunities from new-generation free trade agreements that Vietnam has joined.

Businesses need to promote chain-based production and have specific measures to expand markets, thus further pushing exports, Giang suggested.

Representatives from other garment and textile companies said businesses should pay attention to moderlising production equipment, expanding production and improving workers' capacity, thus meeting high quality orders and demanding requirements of importers.

02/08/2021