The chairman of the Vietnam Textile Association (VITAS) said that Vietnam’s fabric and fiber exports hit a new high.
In the first 10 months of 2021, Vietnam’s exports of textile and garment products reached US$32 billion, an increase of 10.8% compared with the same period in 2020. It is expected that Vietnam’s textile and garment exports will reach US$37.92 billion this year, an increase of 8.1%.
It is worth noting that Vietnam’s exports of fabrics and fibers hit a new high. Among them, Vietnam’s fiber exports reached approximately US$4.5 billion in the first 10 months of this year, and are expected to reach US$5.3 billion for the whole year, an increase of 42%; exports of various fabrics reached approximately US$2 billion, and the export value for the whole year is estimated to be US$2 billion. will reach US$2.4 billion.
In addition, Vietnam also exports a large amount of geotextiles/hydrophobic fabrics (for roads and tires) to the Canadian, American, and Indian markets.
The Chairman of the Vietnam Textile Association (VITAS) also said that the establishment of a cooperative relationship between India, an international textile power, and the Vietnamese textile industry proves that the Vietnamese textile industry plays an important role in the international textile industry blueprint. play an increasingly important role.
