Vietnam exported more than 500 million medical masks in the first half of the year
According to statistics from the Vietnam General Administration of Customs, 100 companies in Vietnam exported a total of 236 million medical masks in June, a 30% increase from the previous month, and exported 557 million in the first half of the year.
With the advantage of cheap labor, the textile industry has become the third pillar industry of Vietnam’s exports, and Vietnam has also become the world’s third largest textile and apparel exporter, after China and India. Statistics show that Vietnam's total textile exports in 2019 amounted to US$39 billion. Among them, the European and American markets are important markets for Vietnam's textile industry exports.
Since the outbreak of the New Coronary Pneumonia epidemic, Vietnam, the world’s third largest textile exporter, has suffered heavy losses due to lost orders from the textile industry. In order to meet the needs of epidemic prevention, Vietnam continues to expand the production capacity of masks, and regards it as one of the measures for textile enterprises to diversify their operations, increase exports, and overcome difficulties. Since April, with the better control of the epidemic in Vietnam, the export of masks has increased significantly. In April and May, 140 million and 182 million medical masks were exported. Countries and regions such as the United States, Germany, Singapore and South Korea are the main markets for Vietnamese mask export.
However, experts said that although Vietnam has an advantage in the scale of production in the textile industry, there are still obvious shortcomings in the industrial chain, such as the lack of the ability to produce raw materials, which requires a large amount of foreign imports every year.