Garment, textile exports surpass US$6 billion in six months

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VOV News English - 42 month(s) ago 12 readings

Garment, textile exports surpass US$6 billion in six months

(VOV) - The total apparel export turnover in the first half of 2011 is estimated to reach US$6.16 billion, representing a year-on-year increase of 30 percent.

Speaking at a press briefing in Hanoi on June 24, General Director of Vietnam National Garment and Textile Group (Vinatex), Tran Quang Nghi, said that the garment and textile sector is expected to fulfill its target of US$13 in export turnover by the end of this year.

In the past six months, Vinatex’s revenue saw an increase of 33 percent, thanks to domestic consumption worth VND8,300 billion.

This positive sign is attributed to stable export markets that have not been strongly affected by fluctuations in the macro-economy.

Apart from the European Union (EU) and Japan, the US is considered Vietnam’s most promising market. Last year, Vietnam earned more than US$6 billion from garment exports to the US market, up 22 percent compared to the previous year.

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