Vietnam’s textile and clothing exports could increase by 10% this year if there are no adverse fluctuations in the global market, according to the Vietnam National Textile and Garment Group (Vinatex). Pham Minh Huong, managing director, noted that the industry earned US$28.5bn from exports in 2016, a year-on-year increase of 5.2%.
Vietnam has advantages in making products for middle-class customers. But with prolonged economic difficulties in the global market in recent years, the number of mid-range orders fell and importers shifted to cheaper products, which is why the industry’s growth rate fell last year.
“But the number of orders has increased significantly in the first months of this year, which is a good sign for the industry,” she said.
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