Vietnam Textile and Apparel Association (VTA) reported on April 10, 2023 that Vietnam’s textile and apparel exports in March 2023 reached about $3.298 billion, up 18.11% YoY and down 12.91% YoY. Vietnam’s textile and apparel exports in the first three months of 2023 reached $8.701 billion, down 18.63% YoY.
It is expected that in the 2nd quarter, textile and garment enterprises still face many difficulties due to a significant drop in purchasing power in markets such as the US and the EU, resulting in many enterprises not receiving any new orders in April.
It is expected that the Vietnamese textile and garment market will recover strongly in July-August 2023 with the growth of enterprises’ orders.
Translated with www.DeepL.com/Translator (free version)
Post time: Apr-19-2023
