The value of Vietnam's textile and garment exports were up 21 per cent in the first nine months of 2022 over the same period last year.

The Vietnamese enterprises did not depend on the five traditional export markets, including the US, Europe, Japan, the Republic of Korea and China, but also expanded exports to Russia and some other countries.In Europe, they not only focused on a few large export markets such as Germany, France, Spain and the UK, as in the past, but also expanded exports to other countries in the EU.They also promoted the production of knitwear products for export instead of making only traditional products such as jeans, khakis or T-shirts.

Among textile and garment exporting countries in the world, Vietnam had the earliest opening-up policy for normal operation after the Covid pandemic. Therefore, in the first six months of the year, Vietnam's textile and garment industry had a large number of orders and good business results.

The textile and garment industry will be brighter in the first quarter of 2023 because the export tariffs on some of Vietnam’s textile and garment products to the EU market will be reduced thanks to the EU-Vietnam Free Trade Agreement (EVFTA).