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

To achieve the result, textile and garment enterprises made great efforts to cope with the challenges of the market. They did not depend on the five traditional export markets, the US, Europe, Japan, South 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 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. Prospects for the industry are bright because export tariffs on some kinds of Vietnamese textile and garment products to the EU will be reduced thanks to the EU-Vietnam Free Trade Agreement.