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Vietnam textile exports at US$6.16 Billion

Written By Views maker on June 24, 2011 | 6/24/2011

The total apparel export turnover in the first half of 2011 is estimated to reach US$6.16 billion, representing a year-on-year increase of 30 percent. the garment and textile sector is expected to fulfill its target of US$13 in export turnover by the end of this year. In the past six months, Vinatex’s revenue saw an increase of 33 percent, thanks to domestic consumption worth VND8,300 billion. This positive sign is attributed to stable export markets that have not been strongly affected by fluctuations in the macro-economy. Apart from the European Union (EU) and Japan, the US is considered Vietnam’s most promising market. Last year, Vietnam earned more than US$6 billion from garment exports to the US market, up 22 percent compared to the previous year.