Business News

Vietnam’s textile and garment exports to the United States in the first quarter of the year reached nearly US$4.36 billion, up 24..% year-on-year, the highest ever since 2012, according to data from the General Department of Vietnam Customs.

According to the General Department of Vietnam Customs, the nation exported US$3.15 billion worth of textile and garment products in April, taking the total in the first four months of the year to US$11.83 billion, up 22.2% year-on-year.

To maintain the impressive export performance, textile and garment producers are actively and flexibly transforming into greener models to meet increasingly stringent requirements of import partners and sharpen their competitive edge.

Despite the devastating impact of the COVID-19 pandemic, Việt Nam’s textile and garment industry has seen stable growth, recording an export turnover of US$8.84 billion in the first quarter of 2022 with an increase of 22.5 per cent against the same period last year.

National Assembly (NA) Chairman Vương Đình Huệ told the Việt Nam Textile and Garment Group (Vinatex) to build a Vietnamese fashion brand, focusing on the domestic market of nearly 100 million people and at the same time pay attention to export markets.

For the first time, Vietnam's share of world footwear exports has surpassed 10 per cent with 1.23 billion pairs of shoes exported in 2020, according to data by World Footwear Yearbook 2021.

Around 200 Nike subcontractors in Vietnam have finally resumed production after the Delta variant caused temporary factory closures this summer. The sportswear giant intends to ramp up its production even further in Vietnam, according to chief sustainability officer Noel Kinder.

Since the beginning of the fourth outbreak of COVID-19, many garment and textile enterprises have faced difficulties, even the risk of bankruptcy, due to the temporary suspension of production to ensure pandemic prevention and control.