Vietnam's garment exports decline 12.1 pct in 7 months

August 6, 2020

Vietnam's total textile and garment export value in the first seven months of this year declined 12.1 percent year-on-year to nearly 16.2 billion U.S. dollars, according to the General Statistics Office on Wednesday.

Its largest export markets included the United States, the European Union, Japan, South Korea and China. In July alone, Vietnam's textile and garment exports decreased 8.9 percent on-year to 3 billion U.S. dollars.

Due to the COVID-19 impacts, the production and export of textile and garment industry has encountered difficulties with decreasing export orders, Vietnamese Ministry of Industry and Trade said in a newly-released report.

Some garment and textile businesses have not received orders for the second half of 2020 for high-value products including suits and high-end shirts, said the ministry, noting that textile businesses need to offset the shortage of export orders by boosting domestic markets.

Vietnam, among the world's biggest exporters and producers of garments and textiles, made garment and textile export turnovers of roughly 32.6 billion U.S. dollars in 2019, up 6.9 percent from 2018, according to the statistics office.