Vietnam's "Industry and Trade Electronic News" reported on November 2 that Vietnam's textile and apparel exports in the first 10 months are expected to be US$24.76 billion, a year-on-year decrease of 9.3%. The annual export is expected to be USD 33-35 billion, a year-on-year decrease of 10%. Even if the textile and apparel export market is recovering, it is still difficult to achieve the goal set at the beginning of the year.

　　 The textile and apparel industry is the industry that has been hit hardest by the new crown pneumonia epidemic in Vietnam. The Vietnam Textile and Apparel Association stated that the new crown pneumonia epidemic has caused export difficulties to the Vietnamese textile industry and the suspension of imports of raw and auxiliary materials from China.

　　 Since March this year, demand in the European and American markets has dropped sharply, resulting in a bleak export of Vietnamese textile and apparel. The export value in the first quarter fell by 2%, and the export value in the second quarter fell sharply by 27%. There was a slight improvement in the third quarter, but still facing difficulties. It is expected that Vietnam's textile and apparel exports will reach 35 billion US dollars this year, a sharp drop of 10% year-on-year.

The Ministry of Industry and Trade of Vietnam stated that due to the shrinking consumer market, textile and apparel companies have adjusted their product structure, shifting from producing traditional products to rapidly adapting products such as high-end suits, high-end shirts, to work clothes, knitted clothing and traditional shirts to maintain production And business activities.