Analyst Pin-board Textile Industry 9M2020 – Demand Came Back in 3Q
Textile and garment exports increased sharply in the third quarter
After the first half of the year experiencing two consecutive supply and demand shocks due to the severe impact of the pandemic, Vietnam's textile and garment industry witnessed a positive recovery in 3Q. According to the Vietnam Textile and Apparel Association (VITAS) data, 3Q textile and garment exports reached USD 10.2 bn, up 45.7% QoQ but 7.6% lower compared to the same time last year. 3Q exports reached USD 28.7 bn in 9M2020, down 10.8% YoY, compared with a decline of 14.1% YoY in 1H2020.
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