Topic: textile and garment

Key export markets including US, EU, Japan, South Korea and China.

Total investment capital estimated at $203 million.

Export value in Jan-Feb rose 15 per cent to $5.2 billion.

Exports rise 8% year-on-year in the first ten months of 2023.

VIATT 2023 expected to attract 500 domestic and international exhibitors and 35,000 visitors from February 28 to March 1 next year in HCMC.

Many foreign firms visiting Vietnam to learn about garment and textile products signals better days ahead.

Sustainable development key to boosting competitiveness.

Sector’s export revenue topped $44 billion in 2022.

Vietnam National Textile and Garment Group estimates 2022 consolidated revenue at over $826 million, up 15 per cent.

Vietnam’s textile and garment industry has grown rapidly, with exports rising from $1.96 billion in 2001 to $27 billion in 2015 and $40.4 billion in 2021. Despite making a major contribution to the economy, the industry is among the most polluting. Promoting a circular economy is therefore considered a key strategy for the industry to deeply participate in global value chains.