This video is published on 4 Aug, 2021
The Country's Ready-Made Garment Sector Has Lost The Crown Of Pride || 2021 || TRM 155s
Bangladesh Vietnam latest news 2021 | Bangladesh Vietnam on garments 2021 | Bangladesh Vietnam textile industry 2021 | Bangladesh Vietnam textile industry latest news 2021 |
The country's ready-made garment sector has long lost the crown of pride. Vietnam has snatched the second top position in the export of the product from Bangladesh in the world market. However, for several years, Bangladesh was gradually falling behind in the race to compete in the international market. It has accelerated rapidly during the Corona period. Last year, Vietnam took the second place.According to World Trade Organization (WTO) figures, Vietnam has widened in the last two decades. In 2000, the country's share in global garment exports was 0.9 percent. At that time Bangladesh had 2.6 percent market. Over the next decade, Vietnam's market share has tripled, but Bangladesh's has grown just over one and a half times. Vietnam currently holds 7.4 percent of the global readymade garments market.
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