According to Vietnam’s “Youth Daily”, Fan Xuanhong, vice chairman of the Vietnam Textile Association, said that many textile and garment manufacturers in Vietnam now sign three-quarter contracts with foreign importers, and some companies even sign four-quarter contracts, and Contract prices increased by 10-15% year-on-year. At present, companies are stepping up production to deliver goods on time.
According to reports, Vietnam’s textile and apparel exports reached US$1.51 billion in the first two months of this year, a year-on-year increase of 16.8%. Among them, exports in February were US$700 million.
