The export textile and garment industry also grew positively when in 10 months of 2022 it reached over 38 billion USD, equivalent to an average of 3.7 - 3.8 billion USD per month.

Despite many difficulties in the export market, the textile and garment industry is forecasted to reach 43-44 billion USD in 2022.

Among textile and garment exporting countries, Vietnam has the earliest opening-up policy for normal operations compared to Bangladesh, India and China. Therefore, in the first half of this year, Vietnam's textile and garment industry has taken advantage of this great opportunity, with abundant orders, good business results, and high efficiency. This is a positive response from the policy, including both opening the door and supporting policies for workers to return to the business as quickly as possible, recovering the labor market as well as production and business activities. .

Commenting on the situation of textile and garment exports in the last months of the year, Mr. Truong Van Cam said that in the context of the USD appreciation after the US Federal Reserve (FED) raised interest rates, textile and garment exporters will be price advantage. However, to take advantage of this, businesses will have to ensure stable orders. It is also a problem for many textile enterprises at this time when orders have slowed down due to inflation and the demand for some products has decreased in the world.

In addition, in the fourth quarter of 2022, the economic context of Vietnam and the world is still difficult, the garment industry will be more difficult due to the end of the winter crop and the preparation of spring goods. The textile and garment market is forecasted to be quiet until the end of the fourth quarter and lasts until 2023. However, the textile and garment industry still has the opportunity to meet the export target of 43-44 billion USD in the whole year. In order to strive to fulfill the target of the fourth quarter and the whole year of 2022, the priority at this time is to ensure a variety of export products, ready for orders for the spring of next year.

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