Garment-textile export earnings likely to hit US$31 billion
Vietnam’s exports of textile and garment in the last two months of 2017 was estimated at US$5.27 billion, bringing the total export revenue this year to US$31 billion, a year-on-year increase of 10.23%.
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According to the Ho Chi Minh City Association of Garment and Textile (AGTEK), producers are busy fulfilling remaining orders of the year; many of them have received orders for the first quarter of 2018.
This year, the industry has made efforts to gain strong footholds in foreign markets, such as the US, EU, Japan and the Republic of Korea while significant growths have also been seen in others like China, Russia, Cambodia, and more.
The AGTEK forecast that 2018 will be better for the industry than in 2017 and the industry is likely to maintain a double-digit growth.
