A sigh of relief for Vietnam garment industry as the Minister of Industry and Trade Tran Tuan Anh claims that EU and US authorities haven’t yet limited the import of apparel products from Vietnam.
At a meeting held recently, it was noted that the recent suspension and cancellation of several orders from the EU and US was merely done by purchasers owing to the COVID-19 effect.
Director of the MoIT’s European and American Market Department Ta Hoang Linh held a working session with the EU Delegation to Vietnam and the US Embassy.
The EU border shutdown hasn’t directly affected the Vietnam-EU trade as necessities such as food and medicine are still circulating. Nevertheless, border closure is meant to protect people’s health.
Closure of retail systems in Europe and the US has hit other necessities such as footwear and apparels.
At the same time, MoIT, Vietnam will continue to work closely with trade offices in these two markets to offer support to Vietnamese footwear and apparel exporters in the near future.
Delay of debt payment in the business and boosting exports to China, the Republic of Korea and Japan when the epidemic is under control is on the anvil for the Government of Vietnam.
Data from the General Department of Vietnam Customs showed that Vietnam’s garment exports to the US remained high in the first 2 months of this year, reaching US $ 2.3 billion.