As part of the 2023 National Trade Promotion Programme approved by the Vietnamese Minister of Industry and Trade, it was also one of the annual series of market research and survey activities conducted in the US.

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The Magic Show gathered textile, apparel, leather and footwear products, with thousands of exporters, importers, wholesalers, and retailers from the US and various other countries around the world taking part. Its aim is to establish stable and sustainable trading relationships and cooperation, recover and maintain the global supply chain, especially during the post-Covid-19 period.

Led by VITAS Vice President Truong Van Cam and LEFASO Vice President and Secretary General Phan Thi Thanh Xuan, the Vietnamese delegation consisted of 28 member enterprises.

Trade Counsellor and head of the Vietnam Trade Office in the US Do Ngoc Hung said in the first five months of this year, Vietnam remained the US’s eighth largest trade partner while the US continued to be the biggest importer of Vietnam. Trade surplus between two countries neared 40 billion USD, only behind China and Mexico.

At present, Vietnam ranks second in the list of the biggest exporters of apparel, leather and footwear to the US, just behind China. New orders in the last two quarters of this year indicate that 'Made in Vietnam' products are increasingly popular in the US.

Vietnam’s garment sector deals with market instability

Despite generating revenue of over 44 billion USD in 2022, Vietnam’s garment sector is expected to face headwinds in the coming time as consumers in the world continue to tighten their budgets due to high inflation.

Textile-garment targets up to $48 billion in 2023 export turnover

Textile and garment exports may reach $47-48 billion in the positive scenario for 2023 and $45-46 billion in the lower-case scenario, said the Vietnam Textile and Apparel Association (VITAS).

ASEAN countries seek to form textile, garment connectivity chains

The ASEAN Federation of Textile Industries (AFTEX) held the 48th council meeting and the 46th plenary session in Ho Chi Minh City on December 15.

Garment firms join major textile sourcing show in India

The Trade Office and Embassy of Vietnam opened the country’s pavilion at Intex South Asia, an international textile sourcing show held in New Delhi on December 8.

6 garment companies in Bac Giang named in the list of 281 reputable exporters in 2021

(BGO)- The Ministry of Industry and Trade of Vietnam has announced the list of 281 reputable exporters in 2021. 6 enterprises of Bac Giang province in garment sector were named in the list including Ha Phong Export Garment Joint Stock Company, Crystal Martin Vietnam Company Limited, Bac Giang LGG Garment Corporation, Minh Duc branch of Ha Bac Export Garment Company Limited, Ha Bac Export Garment Company Limited and Bac Giang BGG Garment Corporation.

Source: VNA