Vietnam may gain $6 billion from garment and textile exports in November and December, totaling $38 billion in this year's turnover, stated Vietnam Textile and Apparel Association (VITAS).
Thanks to loosened social distancing in October, the country’s garment and textile production, especially in Ho Chi Minh City and other southern localities, quickly recovered, with over 90 percent of workers returning to factories, said VITAS.
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Workers of Thanh Cong Garment Company. |
Garment and textile export turnover rose nearly 11 percent year-on-year to $32 billion in the first 10 months. Specifically, yarn export stood at $4.5 billion.
Vietnam is estimated to make a yarn export turnover of some $5.3 billion and $2.4 billion for cloth this year.
The country’s garment and textile export turnover would surge to $43-43.5 billion next year amid increasingly bigger global demand, VITAS predicted, urging its members to further tap markets like the U.S., European Union.
Last year, garment and textile exports dropped by 9 percent to $35 billion.
Private businesses in Vietnam grow in both quantity, qualityThe number of newly established private enterprises in Vietnam has increased steadily every year, from 70,900 in the 2015-2020 period to 112,500 in the 2015-2020. Not only quantity, capital scale and capacity of private enterprises have also improved.
Bac Giang diversifies "channels" to receive information, support businesses(BGO) - In order to create a favorable business and investment
environment, following the direction of the provincial People's Committee,
departments, agencies, sectors and localities have diversified
"channels" of accessing information, providing timely support and
handling difficulties for businesses, thus helping investors and enterprises to
operate effectively; and improving the provincial competitiveness index (PCI).
Bac Giang city supports businesses’ development(BGO) – The self efforts together with attention and assistance from
local party, authority and competent forces have helped enterprises and cooperatives
in Bac Giang city (Bac Giang province) to gradually overcome the difficulties
caused by Covid-19 to stabilize the production and business activities.
Source: VnExpress