Vietnam garment exports below target
HCMC – The chairman of the Vietnam Garment and Textile Association, Vu Duc Giang, has said that Vietnam’s
The export value of textiles and garments in the first four months of the year reached only US$11.7 billion, down 20% over the same period last year.
There was a noticeable drop in the export value of textile and garments to major markets in April.
Particularly, the textile and garment shipments to the U.S. market totaled only US$1.15 billion, down 30% year-on-year, while the revenue from exporting products to the EU was just US$349 million, down 9%.
Meanwhile, Vietnam gained only US$237 million from exporting textile and garment products to South Korea in April, down 21%.
During the first four months of the year, textile and garment exports to the U.S. and China declined over 30%. Only exports to Japan gained 6.6% in value.