Garment sector forecast to further growth in year-end
The garment and textile sector is expected to surge in the fourth quarter of this year thanks to Vietnamese enterprises receiving stable export orders until the year-end.
The garment and textile sector is expected to surge in the fourth quarter of this year thanks to Vietnamese enterprises receiving stable export orders until the year-end, said Nguyen Tien Vy, head of the Planning Department under the Ministry of Industry and Trade (MoIT), on November 2.
A number of garment businesses have also taken orders until the end of the first quarter of 2016.
According to the MoIT, garment and textile export turnover reached 2.2 billion USD in October, up 13.6 percent on the year and bringing the figure in the first 10 months of this year to nearly 19.2 billion USD, up 10.4 percent.
In the period from January to October, Vietnam produced 259 million metres🧸 of fabric made from natural fibers and 2.62 billion units of garments, up 1.9 and 4.4 percent year-on-year, respectively.
Meanwhile, nearly 547 million metres of clothes made from synthetic and artificial fibers were manufactured, a decrease of 5.6 percent.
In order to boost exports of garment and textile products, the MoIT asked relevant agencies to take mea𝓰suဣres to remove obstacles for businesses and implement policies to improve the business environment and competitiveness.-VNA
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Illustration photo. (Photo: VNA)
