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Trade

Vietnam textile and apparel exports hit record high in first half

Southeast Asian country's trade pacts contribute to 23% on-year increase

Vietnam is the world's second-largest clothing exporter after China.   © AFP/Jiji

HANOI -- Vietnam's exports of textiles and apparel products are expected to hit all-time high of $22 billion in the first six months of 2022, up 23% from a year earlier, multiple local media reported, citing the chairman of the Vietnam Textile & Apparel Association.

Although procurement of certain materials slowed due to lengthy coronavirus lockdowns in Shanghai, China, exports increased thanks to a boost from Vietnam's numerous free trade agreements, including with European Union, according to the reports.

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