Vietnamese garment makers felt the impact of a global slowdown dampening demand in their key markets as the industry's exports dropped 17.4 per cent.
Business News
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Trade Data
Textile sectors of Taiwan and Vietnam collaborating for sustainability and innovation, says TTF
Taiwan's textile industry is collaborating with Vietnam's textile sector to provide sustainable and innovative fashion products to global consumers.
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Sustainability
PETA Asia’s investigation hammers Gap, H&M and GUESS as live ducks are mutilated and slaughtered for down
Shoppers at H&M, Gap, GUESS, and other big-name stores should assume that down in their products came from tortured birds,” commented PETA Executive Vice President Tracy Reiman.
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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.
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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.