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Update news Vietnam garment and textile
Vietnam’s garment and textile sector has reached the 2021 export target, but is confronted with ever-growing competition from the Asian continent as well as other markets.
Stagnant business and production activities as a result of the impact of Covid-19, increased pressure over delivery to partners, and high transport costs are threatening the supply chains of the apparel sector.
Vietnam has overtaken Bangladesh as the second-biggest garment exporter, according to the latest data released by the World Trade Organization (WTO).