Vietnam earns nearly 19 billion from textile exports in H1

Illustrative image (Source: VNA)

Hanoi (VNA) – Vietnam’sgarment-textile export turnover hit nearly 19 billion USD in the first sixmonths of 2021, up more than 20 percent year-on-year.

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

However, Chairman ofthe Vietnam National Textile and Garment Group (Vinatex) LeTien Truong, said businesses are facing new challenges due to severe impacts ofthe 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 setto earn 39 billion USD from garment and textile exports in2021.

To realise the target, businesses need toproactively seek sources of raw materials for domestic production in order totake advantage of opportunities from new-generation free trade agreements thatVietnam has joined.

Businesses need to promote chain-based production and have specific measures toexpand markets, thus further pushing exports, Giang suggested.

Representatives from other garment and textile companies said businesses should pay attentionto moderlising production equipment, expanding production and improving workers' capacity, thus meeting high quality orders and demanding requirements ofimporters./.

VNA