Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Vietnam’s Garment Exports Up 3.3% in January

Ho Chi Minh City, Vietnam. Flickr.

The country’s exports of textiles and garments brought in $2.6 billion last month, its ministry of industry and trade revealed. It estimated that Vietnam’s fabric production was up over 20.4 percent year-on-year, Fibre 2 Fashion reported.

Vietnam is among the countries benefitting from the accelerated offshoring of manufacturing from China to countries with cheaper labour, such as Cambodia and Bangladesh.

Even so, Covid-19 will continue to impact Vietnam’s garment industry until 2022, depending on when a vaccine is made available in the country, said Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association. With purchasing power tempered by the pandemic, businesses are faced with the challenge of adapting to new business models and supply chain structures in their local and global markets.

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Global Markets
On the ground intelligence and analysis from emerging and frontier markets.
view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections