The export turnover of garment and textile products reached US$5.3 billion in the first two months of 2020, down 3.5% year-on-year.

Of the total, US$4.2 billion came from the shipment of clothes and US$512 million from yarn, down 2.3% and 16%, respectively, according to the Vietnam Textile and Apparel Association (VINATEX).

At present, the supply of raw materials basically meets production demand in March and April.

However, the sector is facing a lot of difficulties, as the world economy is affected seriously by the coronavirus disease (COVID-19), resulting in a decrease in global demand.

Vietnam’s garment and textile exports fetched US$39 billion in 2019, up 7.55% over the previous year but US$1 billion lower than the target.

In 2020, the industry aims to achieve an export turnover of about US$42 billion