According to a report by Vietnam’s “Youth News” on August 4, Nguyen Thi Xuemei, vice chairman of the Vietnam Textile and Garment Association, said that the World Trade Organization (WTO) recently announced that Vietnam will use 290 in 2020. billion, surpassing Bangladesh to become the world’s second largest textile and apparel exporter (after China).
Nguyen Thi Xuemoi said that although Bangladesh has advantages such as low labor costs and the ability to accept large quantities of low-price orders, the outbreak of the new crown epidemic has forced global orderers to Re-distributing orders to many countries, including Vietnam.
In addition to the basically stable epidemic situation in 2020, Vietnam’s textile and apparel industry also shares the dividends brought by participating in multiple free trade agreements, so its global market share has increased from 2010 to 2010. 2.9% increased to 6.4% in 2020. </p
