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Update news Vietnam's textile-garment exports
Vietnamese garment and textile exports to the EU recovered slightly during the first half of the year, with turnover reaching more than US$1.9 billion in the reviewed period.
Le Tien Truong, chairman of the Vietnam National Textile and Garment Group, said that the demand will improve overall in 2024 but the improvement will not be very significant.
Enterprises in the textile, garment and footwear industries are facing a decrease in orders through the rest of this year and possibly into the next year.
Vietnam's export turnover of textiles and garments has reached US$40.4 billion in 2021, and is expected to increase to $45 billion by the end of 2022, said Mr. Truong Van Cam, Vice Chairman of the Vietnam Textile & Apparel Association (VITAS).