Related Keywords: challenges in finding new export contracts, especially for shirts, exports rise lower than targeted growth, falling export prices, orders moving to Laos and Myanmar, pants and jackets, ten percent this year, US largest export market, Vietnam garment and textile industry, Vietnam Textile and Apparel Association, Vietnamese trade ministry
Vietname Garment and textile industry exports in the first five months of this year rose 6.1 percent to US$8.6 billion, but the rise was lower than the targeted growth of 10 percent this year. In May, the industry earned $1.75 billion, up only 3.8 percent, according to Vietnamese trade ministry.
Many Industry insiders expressed concern over the difficult for garment and textile industry to meet the target of US$31 billion this year due to falling export prices and challenges in finding new export contracts, especially for shirts, pants and jackets.
