Vietnam earns nearly 19 billion from textile exports in H1
18:57 | 01/08/2021
Vietnam’s garment-textile export turnover hit nearly 19 billion USD in the first six months of 2021, up more than 20 percent year-on-year.
Illustrative image (Source: VNA)
Hanoi (VNA) – Vietnam’s garment-textile export turnover hit nearly 19 billion USD in the first six months of 2021, up more than 20 percent year-on-year.
The positive results was attributed to early post-pandemic recovery of markets.
However, Chairman of Chairman of the Vietnam National Textile and Garment Group (Vinatex) Le Tien Truong, said businesses are facing new challenges due to severe impacts of the 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 set to earn 39 billion USD from garment and textile exports in 2021.
To realise the target, businesses need to proactively seek sources of raw materials for domestic production in order to take advantage of opportunities from new-generation free trade agreements that Vietnam has joined.
Businesses need to promote chain-based production and have specific measures to expand markets, thus further pushing exports, Giang suggested.
Representatives from other garment and textile companies said businesses should pay attention to moderlising production equipment, expanding production and improving workers' capacity, thus meeting high quality orders and demanding requirements of importers./.
Thailand’s SCG Packaging Plc (SCGP) will invest 11.79 billion baht (352.9 million USD) to develop a paper factory in its new production complex in northern Vietnam, which has grown into one of the region's major export centres, according to the Bangkok Post newspaper on September 21.
Vietnam and Cuba released a 12-point joint statement on the occasion of Vietnamese President Nguyen Xuan Phuc’s official friendship visit to Cuba from September 18-20 at the invitation of First Secretary of the Communist Party of Cuba Central Committee and President of Cuba Miguel Díaz-Canel Bermúdez.
Many foreign-invested enterprises tend to bring their own workers to Vietnam for work, particularly for management positions, due to the high requirements for qualifications, expertise and skills, especially differences in language and culture.