Vietnam earns nearly USD 19 billion from textile exports in H1

Vietnam’s garment-textile export turnover hit nearly USD 19 billion in the first half of 2021.

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

However, 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 USD 39 billion from garment and textile exports in 2021.

To realize 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 modernizing production equipment, expanding production and improving workers' capacity, thus meeting high quality orders and demanding requirements of importers.

Source: VNA