Vietnam’s textile and apparel export market share ranks second in the world
According to Vietnam’s “Youth Daily” report on December 24, Vietnam Textile and Apparel Group (Vinatex) stated on December 23 that Vietnam’s textile and apparel market share ranks second in the world after China. Second place, accounting for 5.1% of total global demand. The person in charge of the group said that although Vietnam’s textile and clothing exports have declined ($39 billion), other countries have experienced greater declines.
With a stable supply chain and labor advantages, Vinatex’s total operating revenue in 2021 reached 16.44 trillion VND (approximately US$720 million), with a profit of 1.2 trillion VND. , which is twice that of 2020 and more than 70% of the pre-epidemic level.
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