Vietnam's "Customs online" reported on March 3 that Vietnam's textile and garment exports reached US $5.8 billion in the first two months of 2021, a year-on-year increase of 4%, according to Wu Dejiang, chairman of the Vietnam textile and Garment Association. In the same period of last year, the export volume of textile and clothing was only 3.5 billion US dollars, a year-on-year decrease of 9.8%. It can be seen that after the serious impact of COVID-19 in 2020, the textile and garment industry began to recover.
In 2021, Vietnam's textile and garment industry aims to export 39 billion US dollars. Wu Dejiang believes that this goal is feasible, because Vietnam's textile and garment industry is facing huge opportunities brought about by many new free trade agreements. Wu Dejiang specially stressed that RCEP agreement will provide assistance for the textile and garment industry and have the potential to replace European markets still affected by the epidemic. At the same time, the FTA will also help attract investment in the supply of raw materials.
