Vietnamese garment and textile exports to the EU recovered slightly during the first half of the year, with turnover reaching more than $1.9 bn in the reviewed period. Figures indicate that garment and textile exports from Vietnam to foreign markets in the reviewed period edged up by 5.04% to over $16.52 bn compared to the same period from last year. Of which, exports to the EU accounted for 11.54% of the total turnover, representing a rise of 1.63% to nearly $1.91 bn.
Most notably, the country’s garment and textile exports to the Netherlands recorded the strongest recovery with approximately $565.29 mn, representing a rise of 19.97% on-year and making up 29.65% of total export turnover to the EU.
Furthermore, the country grossed nearly $14.52 mn from exports to the Czech Republic, thereby representing a sharp rise of 48.98%. Meanwhile, exports to Slovakia and Luxembourg also skyrocketed by 55.32% and 24.76% to reach $2.39 mn and over $1.74 mn, respectively.
According to industry insiders, garment and textile exports to the EU in the second half of the year will continue to bounce back, especially ahead in the holiday season of Christmas and the Lunar New Year. However, some firms have expressed their prudence as consumers remain cautious in terms of spending, including on textiles and garments, despite inflation decreasing. Therefore, despite recording a rebound in garment and textile exports, the sector is not likely to achieve double-digit growth this year.
