The sharp increase is attributed to rising export prices and increasing number of export contracts to traditional markets, such as the US, the EU, and Japan.

Le Tien Truong, Director General of the Vietnam National Textile and Garment Group (Vinatex) said the garment sector’s success is due to better market forecast and textile and garment businesses’ creativeness in dealing with impact of economic downturn, high input material cost and difficult access capital. In addition, businesses have restructured their operation and investment effectively and established reliable relations with clients.

Truong said it is important for businesses to choose markets and specific products and make plan to become a long-term strategic partnership with big suppliers.

Businesses should focus on markets with high competitive edge, improve productivity, reduce prices and invest in products with high values, Truong added.