Vietnam's textile export value up in nine months
Vietnam's textile export value reached US$35 billion in the first nine months of 2022, up 21 per cent over the same period last year.
To achieve the result, textile enterprises have made great efforts to cope with the challenges of the market.
The enterprises did not depend on the five traditional export markets, including the US, Europe, Japan, South Korea and China, but also expanded the exports to Russia and some other countries.
In Europe, they not only focused on a few large export markets such as Germany, France, Spain and the UK as in the past, but also expanded the exports to other countries in the EU.
In addition, many businesses have eyed Mexico and other countries in Africa.
Among textile exporting countries in the world including Bangladesh, India and China, Vietnam had the earliest opening-up policy for normal operation after the COVID-19 pandemic.
Therefore, in the first six months of the year, Vietnam's textile industry had a large number of orders and good business results.
Experts said that if in the first eight months of the year, the average export value per month was $3.7-3.8 billion, the value is expected to be $3.1-3.2 billion per month in the last four months of the year.
According to VNDirect Research, the textile industry will be brighter in the first quarter of 2023 because the export tariffs on some kinds of Vietnam's textile products to the EU market will be reduced by 2-4 per cent thanks to the EU-Viet Nam Free Trade Agreement (EVFTA).
