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Update news vietnam's textile-garment industry
Vietnam’s textile and apparel sector is aiming to climb up the value chain, but export and distribution networks remain fundamental flaws.
Despite enduring numerous difficulties, the garment, textile and leather footwear sectors raked in US$71 billion last year, according to details given by the Vietnam Textile and Apparel Association (Vitas).
Textile and garment exports may reach 47 - 48 billion USD in the positive scenario for 2023 and 45 - 46 billion USD in the lower-case scenario, said the Vietnam Textile and Apparel Association (VITAS).
The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030.
The economic downturn and high inflation in many major export markets exerts difficulties on Vietnam’s textile exporters for 2023.