Related Keywords: benefit from lower costs, buyers shifting their orders from Vietnam, export revenue, lending rates higher, minimum wage raise, shut down following Brexit, struggling to find new orders, UK textile and garment enterprises operating, Vietnam textile and apparel sector, Vietnamese dong currency stable to other countries, Vitas
Vietnam textile and apparel sector posted export revenue of only US$12.76 billion in the first six months, growing 4.72% year-on-year representing just 41% of the full-year target. Again, the growth was mainly driven by foreign direct investment (FDI) firms as the domestic peers struggled to find new orders in the period, said Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), at a press conference in Hanoi last week.
