Vietnam is now the fourth largest textile exporter in the world with12.18 billion USD earned from these products in the first six months ofthis year, according to the Vietnam National Textile and Garment Group(Vinatex).
The figure represented a 10.26 percent increase from the same period last year.
The US, the Republic of Korea (RoK) and the European Union were thebiggest importers of Vietnamese products, posting growth rates of 11.01percent, 8.33 percent, and 8.2 percent, respectively, against the sameperiod last year.
Vinatex General Director Le Tien Truong saidthe results are a positive sign which will enable Vietnam’s garmentindustry to achieve its set target of 27-27.5 billion USD in exportvalue this year.
With favourable movements in the global economyand the recent signing of free trade agreements (FTA) between Vietnamand the Eurasian Economic Union (EAEU), and the RoK, 2015 is forecast tobe a bright year for Vietnam’s garment industry.
Mentioningopportunities brought about by the Vietnam-EAEU FTA, Truong said Vietnamis likely to earn over 1 billion USD from shipping textiles to themarket if the country takes full advantage of benefits from theagreement.
The sector will need to make additionalefforts to seek new markets and opportunities, and establishpartnerships with major groups to be able to sign high-value orders inthe remaining month of this year, Truong said.
The export valueof Vinatex, which has the largest production scale in the textile andgarment industry in the country, hit 1.7 billion USD in the two firstquarters of this year, up 10.7 percent over the Jan-June period lastyear.
The group plans to invest 9.4 trillion VND(441.3 million USD) by 2017 in 59 textile, dye, garment andinfrastructure projects.-VNA
The figure represented a 10.26 percent increase from the same period last year.
The US, the Republic of Korea (RoK) and the European Union were thebiggest importers of Vietnamese products, posting growth rates of 11.01percent, 8.33 percent, and 8.2 percent, respectively, against the sameperiod last year.
Vinatex General Director Le Tien Truong saidthe results are a positive sign which will enable Vietnam’s garmentindustry to achieve its set target of 27-27.5 billion USD in exportvalue this year.
With favourable movements in the global economyand the recent signing of free trade agreements (FTA) between Vietnamand the Eurasian Economic Union (EAEU), and the RoK, 2015 is forecast tobe a bright year for Vietnam’s garment industry.
Mentioningopportunities brought about by the Vietnam-EAEU FTA, Truong said Vietnamis likely to earn over 1 billion USD from shipping textiles to themarket if the country takes full advantage of benefits from theagreement.
The sector will need to make additionalefforts to seek new markets and opportunities, and establishpartnerships with major groups to be able to sign high-value orders inthe remaining month of this year, Truong said.
The export valueof Vinatex, which has the largest production scale in the textile andgarment industry in the country, hit 1.7 billion USD in the two firstquarters of this year, up 10.7 percent over the Jan-June period lastyear.
The group plans to invest 9.4 trillion VND(441.3 million USD) by 2017 in 59 textile, dye, garment andinfrastructure projects.-VNA
