Vietnam’s total garment exports were worth $34.645 billion during January to November 2022. The textile industry of Vietnam witnessed growth despite all odds.
The shipment to the US recorded a sharp rise since 2020. The exports were valued at $9.585 billion during January-September 2020, down 6.67 per cent from the shipment during the same period of the preceding year 2019. It increased again by 12.28 per cent to reach $10.763 billion during the first three quarters of 2021. It has shown an impressive growth of 34.23 per cent to reach $14.447 billion in the corresponding period of the current year, according to Fibre2Fashion’s market insight tool TexPro.
Vietnam’s garment exports during the first three quarters amounted to $2.842 billion (9.81 per cent) for Japan, $2.817 billion (9.72 per cent) for South Korea, $1.345 billion (4.64 per cent) for China, $1.282 billion (4.42 per cent) for Canada, $0.793 billion (2.74 per cent) for the UK, $0.756 billion (2.61 per cent) for Germany and $0.478 billion (1.65 per cent) for France, as per TexPro.
Vietnamese exports to the Americas have seen impressive growth during the three years after the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a seminar was told recently.
ALCHEMPro News Desk (KUL)
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