COUNTRY PROFILE: VIETNAM
March 24th, 2022
The Vietnamese apparel sector is a great success story, but to maintain its strong position, the country will have to build backward linkages, while mitigating some deep-rooted cost and labour challenges. Data from the World Trade Organisation (WTO) shows that from the 1990s, the country’s garment industry has risen from a low base to overtaking Bangladesh’s exports’ sales in 2020, with USD29 billion overseas sales revenues, ranking second worldwide. (1)
This puts Vietnam only behind China’s clothing and textile sector’s export performance – a ...
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