As reported by Vietnamese textile industry experts, the country didn’t rely only on its traditional markets including the US, Europe, Japan, South Korea and China, and expanded its exports to Russia, Mexico and other countries in Africa.
Business News
-
-
-
According to the data, the USA accounted for around 50 per cent of the total export values constituting US $ 11.14 billion during the first 7-month period of 2022.
-
Top six Asian countries (China, Vietnam, Bangladesh, India, Indonesia and Cambodia) together supplied US $ 32.82 billion worth of garments to USA in H1 ’22, which is 66.20 per cent of total import values of the USA.
-
According to the monthly Global Port Tracker report released recently by the National Retail Federation (NRF) and Hackett Associates, imports at the USA’s major container ports are expected to slow significantly for the remainder of the year, but 2022 should still see a net gain over 2021 after a record-setting spring.
-
This M-o-M increase is contrary to what industry has been talking about for last two/three months – downfall in consumers’ demand due to inflation! However, the predictions are still not clear and some say this demand may not have continued in July and the first week of August, the import data of which has not yet come.
