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Vietnam Q1 export revenue up 13 per cen

For Q1 of 2018, Vietnam’s revenue from the export of textile and garment products increased 13.35 per cent over the same period last year. Export of garment products alone was up 12.49 per cent compared to the first quarter of 2017. Besides traditional garment and textile products, goods with a high value-addition such as fabrics, fiber, geo textiles, and textile and garment accessories have also grown well.

T-shirts, jackets, and shirts were among the top export products in the first two months of this year. Many companies have received orders until the end of the third quarter of 2018. Vietnam’s key export markets are: the US, member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU, the Republic of Korea, China, and Asean.

In the first quarter of this year Vietnam’s textile and garment exports to the US were up 13.2 per cent over the corresponding period in 2017, the highest pace of growth in the last three years. Textile and garment exports to CPTPP member countries grew at an average rate of eight per cent a year in the 2013-2017 period, accounting for about 15 per cent of Vietnam's total textile and garment export revenue.