Vietnam textile export up 11.3%

Vietnam earned nearly $14.6 billion from exporting garments and textiles, mainly to American, European and Japanese markets, in the first half of this year, up 11.3 per cent year-on-year.

Garment exports hit over $11.8 billion in the six-month period, up 9.1 per cent, while fibre and yarn surged 27.4 per cent to roughly $1.7 billion, according to the Vietnamese Ministry of Industry and Trade.

Vietnam’s garment and textile export revenues are most likely to stand at $31.3 billion this year, said local experts. In 2016, Vietnam’s garment and textile exports reached $23.8 billion, posting a modest growth rate of 4.5 per cent due to thinner demand of key importers, said the ministry.