INFLATION HITS VIETNAM’S APPAREL, FOOTWEAR SECTORS AS CHINA LOOMS LARGE
February 22nd, 2023
After weathering a Covid-impacted 2021, Vietnam’s apparel and footwear sectors rebounded in 2022, along with the rest of the economy, and while they are looking forward to medium-term expansion, 2023 could be a rocky ride.
Exports of footwear in the first half of 2022, for example, rose 13% by value compared to the same period in 2021, according to data released by the Vietnam News Agency (VNA) the state-run news agency (1).
And while the clothing and footwear sectors expect this growth to continue, given Vietnam’s export-oriented outlook, one of the ...
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