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Vietnam’s garment industry struggles as global demand wanes

HANOI, June 20 (Xinhua) — Vietnam’s apparel export earnings dropped 17.8 percent to 12.3 billion U.S. dollars in the first five months of the year over slowing global demand, showed the latest statistics of the General Statistics Office.

Textiles and garments, Vietnam’s second-largest export earner after smartphones and electronics, earned 44 billion dollars in 2022, helping the country’s economy grow at the fa