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Tuesday, 18 August 2020 12:43

Vietnam surpasses Bangladesh in apparel exports

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Bangladesh recently lost its coveted position of the second-largest garment exporter globally to Vietnam, in face of reversals in the export front, lately. Nevertheless, increased sale of apparel items in the West ahead of Christmas following a hike in demand in run up to the festival season is going to give a fillip to garment exports from Bangladesh, opine garment makers of the country.

They also hope to increase the market share in the USA consequent to the so-called trade war between the USA and the China, which they felt would give a further impetus to apparel exports from the country.

Anwarul Alam Chowdhury, President, BGMEA, said Bangladesh stands a very good chance to gain from the trade war between USA and China, towards increasing its share in the US market.

Meanwhile, as per Mohammed Hatem, Vice-President, BKMEA, temporary factory closure on account of coronavirus breakout in Bangladesh, in April, and reopening to operate only on a limited scale in May and June, are amongst the major reasons why Vietnam had been able to surpass Bangladesh.