[Vietnam becomes the world's second largest exporter of ready-made garments, mainly high-priced garments]
Release date:[2020/8/18] Read a total of[174]time

In the past 10 years, Bangladesh's and Vietnam's garment exports have been comparable in competitiveness. However, Bangladesh mainly exports low-priced clothing. Vietnam mainly exports high-priced clothing.

   From July 2019 to June 2020, Bangladesh’s clothing exports were 27 billion U.S. dollars, and Vietnam’s clothing exports reached 30 billion U.S. dollars.

   The traditional markets for Bangladesh's clothing exports are mainly concentrated in developed countries and regions such as Europe, the United States, and Japan. The apparel industry has absorbed more than 4 million employees in the country, 80% of whom are women.

   According to a report issued by the Ministry of Industry and Trade, Vietnam’s textile and apparel production increased by 7% in July and 1.8% in the first seven months of this year. However, in July this year, Vietnamese textile companies did not receive any orders for high-value products such as suits and high-end shirts in the first two quarters.

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