Recently, relevant representatives of the Vietnam Textile and Apparel Association stated at the “Sustainable Cotton Supply Chain Seminar” that in the first half of 2022, Vietnam’s textile and apparel export performance will be good, with an export volume of approximately US$22 billion, a year-on-year increase of 23%, a record new highs.
Vietnam’s clothing export volume ranks second in the world after China. Yarn exports are also increasing, with exports totaling US$5.6 billion in 2021 and expected to reach approximately US$3 billion from January to June 2022.
According to data reported by Vietnam’s “Investment News”, as of June 15, Vietnam’s total import and export volume reached US$337.85 billion, a year-on-year increase of 16.5%; of which, exports were US$168.28 billion, a year-on-year increase of 17%; imports were US$169.57 billion, a year-on-year increase of 15.8%. %. Of the export volume of more than 160 billion US dollars, textile and clothing exports contributed 22 billion, accounting for approximately 13.75%.
Relevant people said that this achievement is due to the 15 effective and implemented free trade agreements signed by Vietnam. Under the influence of free trade agreements, Vietnam’s textile and garment industry has been able to open up a more open export market.
In recent years, Vietnam’s textile and apparel industry has responded to global calls and developed rapidly in the field of green and sustainable development. Product R&D, production and sales gradually increase the use of clean energy, solar energy and other green energy. Some of the product raw materials are recycled or reused resources. At the same time, the production machines are improved into water-saving machines to better achieve the goal of ensuring quality and quantity. International standards have won the trust and recognition of customers and consumers.
In addition, experts analyzed and suggested that due to rising crude oil prices, shipping costs, and rising raw material prices, corporate production costs have risen, which may lead to companies facing huge challenges.
</p
