Vietnam: Textile And Clothing Exports Are Expected To Reach 4.65 Billion Dollars In The First Half Of The Year

According to the Vietnam Economic Times on June 17, Li Guoen, chairman of the Vietnam Textile and Clothing Association, said that Vietnam's textile and clothing exports are expected to be only 4.65 billion dollars in the first half of this year, but the annual export target of 10.5 billion dollars is still expected to be achieved. Among them, the export to the US market increased by 15%; Export to the Japanese market increased by 10%; The EU market grew slightly. In addition, exports to Taiwan, South Korea and ASEAN countries also increased significantly. At present, Vietnam's textile and clothing exports account for 2.69% of the world market share. Vietnam only ranks behind China in the United States and Japan, accounting for 7.4% and 4% respectively.

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According to the report of Vietnam Youth Daily on June 2, Fan Chunhong, vice chairman of Vietnam Textile Association, said that Vietnam's textile and clothing exports in the first five months were about 3.8 billion dollars, up 17.1% year on year. Accordingly, we will achieve the export target of US $10.5 billion this year, with an average monthly export of nearly US $1 billion in the second half of the year. The current problem is labor shortage.

According to the report of Vietnam's Young People's Daily on March 8, Fan Chunhong, vice chairman of Vietnam Textile Association, said that many textile and clothing manufacturers in Vietnam have signed three quarter contracts with foreign importers, and some enterprises have even signed four quarter contracts, and the contract price has increased by 10-15% year-on-year. At present, enterprises are stepping up production in order to deliver goods on time.

According to the report, Vietnam's textile and clothing exports in the first two months of this year reached US $1.51 billion, up 16.8% year on year. Among them, the export in February was 700 million dollars.