Vietnam’s textile and garment exports are growing rapidly due to a strong growth in the country’s fibre and yarn production. Vietnam earned 31 billion USD from exporting textiles and garment products, fibre, cotton and materials in 2017, of which exports of fibre contributed 3.59 billion USD, up 22.7 percent year-on-year.
In addition to traditional textiles products, high value-added items such as fabrics, fibre and yarn and textiles and garments accessories have grown well in the first months of 2018. Notably, the country’s fibre and yarn export alone reached 906 million USD in the first quarter of 2018. Prior to 2000, the spinning sector’s production scale reached only 1 million spindles but its capacity was raised to 3.7 million spindles in 2007 and 7 million spindles at present.