GARMENTS AND TEXTILES FETCH US$ 31 BILLION

Overseas shipment of garments and textiles was expected to fetch US$ 31 billion, representing a year-on-year growth of 10.23%, according to the Viet Nam Textile and Apparel Association (VITAS).

The VITAS convened a meeting to sum up operation in 2017 on December 15 in Da Nang.  

Overseas shipment to the U.S. was US$ 12.53 billion, representing a year-on-year growth of 9.4%. The EU imported US$ 3.7 billion, up 5.4%; followed by Japan with US$ 3.05 billion (up 5.2%); the Republic of Korea with US$ 2.59 billion (up 13.2%); China with US$ 1.04 billion (up 26%); and ASEAN with US$ 900 million, up 9.1%.

In 2017, eight key exports gained over US$ 1 billion of turnover including T-shirt, jacket, trousers, children clothes, skirts, underwear, and clothes.

Addressing the conference, Deputy Minister of Industry and Trade praised the achievements of the sector. He was optimistic that newly signed trade agreements would promote trade activities and broaden markets for the sector.

Source: VGP