Vietnam'S Textile Industry Exports Gradually Recovered
According to the statistics of Vietnam's Ministry of industry and commerce, in the first quarter of 2021, Vietnam's export of textile products reached 7.18 billion US dollars, an increase of 1.1% compared with the same period in 2020; the export of fiber and textile yarn increased by 31%; the export of canvas and industrial fabrics increased by 8.8%.
In the first quarter of 2021, vndirect, a Vietnamese securities company, predicted that with the economic recovery of the main export markets of Vietnam's textile industry, such as the United States, the European Union, Japan and South Korea, the value of Vietnam's textile exports will also increase. According to vndirect, Vietnam's textile exports will grow by 8.4% in the second quarter of 2021 compared with the same period in 2020.
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