Vietnam's footwear and textile set for strong bounce back


Workers at a textile company in northern Vietnam. Demand for Vietnam's footwear and textile products in the EU were forecast to increase by 50 per cent and 67 per cent, respectively by 2025. — VNA

HANOI (Vietnam News/ANN): A diversified supply chain and numerous free trade agreements (FTAs) have set the stage for a strong comeback for Vietnam's footwear and textile sector, said experts and industry leaders.

Despite the Covid-19 pandemic, the sector reported strong export figures for 2020 with foreign brands and partners already saying they would either increase production or place additional orders from Vietnamese textile makers in 2021, according to the Vietnam Textile and Apparel Association (VITAS).

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Vietnam , textile , footwear , industries , free trade

   

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