Vietnam News

Vietnam garment export value falls 14.5 pct in 5 months

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Vietnam’s total textile and garment export value in the first five months of this year declined by 14.5 percent year-on-year to over 10.4 billion U.S. dollars, according to the country’s General Statistics Office on Thursday.

Its largest export markets included the United States, the European Union, Japan, South Korea and China. In May alone, the garment and textile export turnovers stood at 1.8 billion U.S. dollars, down 34.3 percent year-on-year.

Complex developments of the COVID-19 pandemic were blamed for the reductions in new orders, the Vietnam Textile and Apparel Association said.

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.

Xinhua Agency – June 4, 2020

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