Garment exports fall on low global demand
Vietnamese garment and textile exports dropped by 15.9% to US$22.5 billion in the opening seven months of the year, the Vietnam National Textile and Garment Group (Vinatex) reported in its latest report.
US remains the largest importer of Vietnamese garments and textiles
PSNews – According to the General Department of Vietnam Customs, as of August 15, the value of a number of Vietnamese export lines reached one billion USD and above.
Local businesses advised to capitalize on FTAs
Despite its involvement in numerous Free Trade Agreements (FTAs) and new-generation FTAs, Vietnam has yet to take full advantage of incentives and opportunities it receives from its participation in FTAs.