Vietnam’s textile and apparel industry export growth is expected to exceed %

According to a report on Vietnam’s “Vietnam+” website on December 7, Zhang Wenjin, vice chairman and secretary-general of the Vietnam Textile and Apparel Association (VITAS), said on December 7 that the export of the textile and apparel industry in 2021 The value is expected to reach US$39 billion, a year-on-year increase of 11.2% and an increase of 0.3% over 2019. In 2022, the epidemic situation in various countries around the world, including Vietnam, may still be complex and unpredictable. However, with the reopening of major markets such as the United States and the European Union (EU), Vietnam’s textile and apparel industry has released many positive signals.

The Vietnam Textile and Apparel Association has proposed three growth expectations in 2022: If the epidemic is basically under control in the first quarter of 2022, exports will strive to achieve US$42.5-43.5 billion. If the epidemic is controlled by mid-2022, the export volume will reach 40-41 billion U.S. dollars; if the epidemic continues until the end of 2022, the export volume will strive to reach 38-39 billion U.S. dollars.

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