Vietnam's Jan-May exports up 15% YoY; textile-garment exports up 7.4%

Export turnover of the textile and garment sector during the period reached $12.8 billion—up by 7.4 per cent YoY, Ta Hoang Linh, director of the European-American market department under the ministry of industry and trade (MoIT), said.

Exports in the footwear and handbag sector reached nearly $7.9 billion—an increase of 7.3 per cent YoY.

The textile and garment sector targets an export turnover of $44 billion this year, Tran Nhu Tung, vice president of the Vietnam Textile and Apparel Association (VITAS), was cited as saying by a domestic media outlet. New orders in the sector improved in the five months.

Some businesses did face issues as a few key importing countries kept setting new and more stringent standards related to environment, sustainability, circular production, raw material traceability, safety, business reporting, forest management regulations and chemical use.

ALCHEMPro News Desk (DS)