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Nigeria, Norway and New Zealand turned out as big importers, posting growth rates of 1,200%, 134.6%, and 120% respectively, while the Australian market made an increase of 37%.
As the demand of EU and US markets tends to decrease, local garment and textile businesses have actively sought opportunities to expand their export markets to the Republic of Korea, Turkey, Africa, and the Middle East.
However, in the current challenges, garment and textile businesses should cut down expenses on materials and fuel while increasing the productivity to lower production cost and improve workers’ income, said Vice President of the Viet Nam National Textile and Garment Group./.
By Ngoc Van