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Vietnam hopes export earnings from garment-textiles to rise to $45.7 billion


Vietnam expects to earn $45.7 billion from garment-textile exports this year amid good results recorded since the beginning of this year and positive market developments.

As per the General Department of Vietnam Customs, as of mid-July, garment-textile was one of the four sectors posting the highest export revenue, with a record growth of 19.7 per cent totaling $20.4 billion.

Garment-textile was also among the six groups whose export value increased by over $1 billion USD, according to the authority.

Some 14,000 businesses are operating in the sector, with combined capital of over 1.1 quadrillion VND (46 billion USD) and net profits, nearly 1 quadrillion VND. They are employing about 200,000 laborers.

Vietnamese garment-textile products were shipped to 55 countries and territories worldwide, including 17 markets with a turnover of more than 100 million USD each.

The US, Japan, the Republic of Korea (RoK), Canada, China, Germany and Cambodia were major buyers of the Vietnamese products.


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