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What’s interesting is just 1.80 per cent drop in the unit prices of the shipped garments from Vietnam to USA at a time when USA witnessed 7.38 per cent decline in its overall shipment’s unit prices.
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Vietnam may see its textile exports fall by 15 per cent this year – its worst in 25 years.
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Trade Data
Vietnam increases market share in its apparel and textile export in COVID-19 impacted year!
The struggle of Vietnam in its potential markets – Japan and South Korea – continues due to slow market recovery in these countries, while the exporters seized more market share in its top market – USA.
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In comparison, the company had posted a net profit of Rs. 90 crore in the corresponding period of the previous fiscal year.