Vietnam Textiles and clothing Association

According to the Vietnam Textiles and clothing Association, in March 2023, Vietnam's textile and clothing exports reached about US$3.298 billion, an increase of 18.11% from the previous month and a decrease of 12.91% from the same period of last year.

In the first three months of 2023, Vietnam's textile and clothing exports reached US$8.701 billion, down 18.63% year on year.

Textile and clothing companies are expected to face many difficulties in the second quarter because of a sharp decline in purchasing power in markets such as the US and EU, resulting in many companies not receiving any new orders in April.

It is expected that the Vietnamese textile and clothing market will recover strongly from July to August 2023 as business orders increase.