VITAS foresees Vietnam’s apparel exports growth in 2021 & 2022

The Vietnam Textile & Apparel Association (VITAS) has forecast the country’s apparel exports to grow to $39 billion this year, and in between $38-$43.5 billion next year depending on how soon the pandemic is curbed. VITAS said it will also continue to act as a bridge between apparel firms and the Government and State management agencies during the period.

Addressing a press conference in Hanoi, VITAS vice chairman and secretary general Truong Van Cam said VITAS has built three scenarios for apparel export growth next year. In the first scenario, if the pandemic is basically under control in the first quarter next year, export earnings will hit $42.5-43.5 billion. In the second scenario, if the pandemic is curbed in mid-2022, revenue of $40-41 billion is expected, and in the third scenario, if the pandemic lasts till late 2022, exports will fetch $38-39 billion.

Cam also announced that an online-offline conference will be held on December 17 in Hanoi, Ho Chi Minh City and Da Nang to review the textile and apparel sector’s activities this year and outline tasks for the 2020-2025 period, with a vision to 2030.

He said that VITAS will actively work at international organisations and continue connecting local and foreign enterprises for further expansion in export markets. VITAS will also open training courses on design and trademark building.

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