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Vietnam’s textile and garment exports up 5.8 per cent

Most garment companies in Vietnam have orders until the end of the second quarter. Some companies have enough jobs for the entire year. The target to export $30 billion worth of textiles and garments in 2016 appears to be within reach. Orders from importers have come in abundance. The production index of the textile industry grew by 12 per cent in January compared with the same period last year, while the figure was 11.2 per cent in the clothing industry.

The output of fabric made of natural fiber in January reached 30 million square meters, a 10 per cent increase compared with the same period last year, while the output of fabric made of synthetic and artificial fibers rose by 6.5 per cent, to 63.3 million square meters.

In January alone, textile and garment exports brought two billion dollars, up by 5.8 per cent over January 2015. While the number of foreign invested enterprises accounts for 30 per cent of total enterprises in the industry, they make up 70 per cent of the total turnover. Vietnamese enterprises put out the remaining 30 per cent.

Textile and garment companies also look forward to the Trans Pacific Partnership agreement which they feel will bring great opportunities to the industry.

 
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