Vietnam’s garment exports are expected to grow by .% to reach US$100 million
Truong Van Cam, Vice Chairman of Vietnam Textile and Apparel Association (VITAS), said in an interview with foreign media:
( 1) Even though the new coronavirus has been raging recently, resulting in more than 20,000 or even more than 30,000 confirmed cases in Vietnam every day, the Vietnamese government has changed its thinking on epidemic prevention from “clearing out” to “coexisting with the virus”, so it should not The association predicts that Vietnam’s garment exports will grow by 7.4% in 2022 to reach US$43.5 billion, despite the city being closed down again due to the epidemic.
(2) In 2021, Vietnam’s fight against the epidemic caused many factories to cease operations, causing chaos in the global supply chain. Internationally renowned clothing brands such as Nike, Zara, H&M and others have been affected, but the Vietnamese government has gradually relaxed epidemic prevention measures in early October 2021, so the supply chain has gradually returned to normal operations.
(3) According to statistics from the association, factories were closed and production was suspended due to the epidemic in 2021. At the peak, there were as many as 1.2 million workers, equivalent to 65% of the entire industry’s manpower. affected. Fortunately, most of the workers have returned to work. This is due to the Vietnamese government starting from the fourth quarter of 2021, which no longer imposes mandatory factory closures to fight the epidemic, thus minimizing the impact on the production of textile and garment-related products. . Since Vietnam’s vaccine coverage is increasing day by day, the government should not implement further shutdown restrictions due to the epidemic in the future.
The report also pointed out that the number of new confirmed cases of COVID-19 in Vietnam reached a record high of 31,800 on February 15. However, companies and experts said that due to the millions of factories Employees have been vaccinated and the Omicron variant appears to be less harmful, so the risk of a repeat of the 2021 lockdown is not high.
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