Vietnam Garment Makers Ink Export Deals for Q3 at Higher Prices
Many Vietnamese garment companies have signed export contracts for the whole third quarter of this year at higher prices than last year, the Ministry of Industry and Trade cited by the VietNamNet.
MoIT said that this is a firm foundation for the sector to increase its export value in the second half of this year.
According to the Vietnam Garment and Textile Group (Vinatex), in the first half this year garment exports ed US$4.19 billion, up 20 per cent on-year.
However, exports to the U.S. in particular and other countries in general face a number of challenges due to the high exchange rate between VND and USD.
India has announced that cotton products from China, Thailand and Vietnam are being dumped on the Indian market. (VietNamNet)
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