Vietnam's textile and garment industry in need of reformed development model
With trade growth tipped to slow over the next few years, labor-intensive industries like textiles and garments are in need of an updated development model.
Textile and garment industry expected to fulfil export target in spite of mounting challenges from global disruptions
The sector targetting $49-49.5 billion in export revenue this year.
Garment & textile exports expected to hit $40.3bln in 2023
Figure down 9% from products being exported to 104 markets.
Annual garment & textile exports forecast to fall
Businesses continue to face a severe lack of orders.