Garment exports up 44.9% in February
(VOV) -Vietnam garment and textile exports in February nearly doubled over the same period last year and tallied in at US$1.3 billion for the month.
The Ministry of Industry and Trade (MoIT) reported that Vietnam’s garment export markets show positive signs of improvement and production is picking up in pace following an unanticipated lull during the Lunar New Year (Tet) holiday.
In the first two months, garment export revenue saw a rise of 30.1% from a year earlier thanks to a sharp increase of 33% in casual wear exports, 36.9% in natural fabrics, and 6.5% in polyester fabrics.
The MoIT said that garment and textile businesses are reporting a solid upswing in export contracts and orders for the second and third quarters of this year.
The local apparel sector is also implementing a large number projects and devising concrete plans to seize new opportunities created by the Trans-Pacific Partnership (TPP), which is expected to be signed in the near future.