Garments become second largest foreign currency earner
2018-05-15 17:33:05 / VTG - Vietnam Int'l Textile & Garment Industry Exhibition
NDO/VNA - The textiles and garment industry gained the second-largest export value in the first four months of this year, after the export value of phones and their components, according to the Ministry of Industry and Trade.
The export value of textiles and garments in the first four months was estimated at US$8.6 billion, an annual increase of 15.7%.
Regarding the export markets, the ministry said that, in the first three months of the year, the United States ranked first, with the export value of textiles and garments from Vietnam reaching US$3.04 billion, an annual surge of 11.6%, and accounting for 47.3% of the total garment export value.
The export value of textiles and garments from Vietnam to Japan reached US$855.44 million, 19.6% higher than the same period last year, accounting for 13.3% of the total export value.
The export value of textiles and garments to the Republic of Korea stood at US$798.6 million and US$268.95 million to China, an increase of 14.8% and 40.9%, respectively, against the same period in 2017.
Meanwhile, the value of exports to the European Union rose by 11.8% to reach US$806.23 million, while the ASEAN market increased by 26% to US$228.36 million, against the same period last year.
To reach the target of US$35 billion in total textiles and garment export value for this year, the Vietnam Textile and Apparel Association has asked enterprises to fully exploit the working capacity of their workers as well as restructure their management practices to improve labour productivity.
Besides maintaining and developing export markets such as the United States, the European Union, Japan and the Republic of Korea, the enterprises should focus on developing other markets such as ASEAN, the Eurasian Economic Union, India and Latin American countries, including links with the distribution system in the local market.
More News
- Postponement Announcement: The 9th Cambodia International Textile & Garment Industry Exhibition (CTG) CTG / 2024-03-04 14:50:53
- Postponement Announcement: The 9th Cambodia International Machinery Industry Fair (CIMIF) CIMIF / 2024-03-04 14:43:08
- A Whole New Business Platform for Thailand's PCB and Electronics Manufacturing Chain, Intelligent Asia Thailand Thailand PCB and Electronics Manufacturing Exhibition / 2024-02-29 11:18:22
- VTG is ahead, successfully addressing industry bottlenecks in textile transformation VTG - Vietnam Int'l Textile & Garment Industry Exhibition / 2024-01-16 10:15:19
- ANEX 2024: Register and Reserve Your Booth Now! Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:44
- TNFIA joined the 2023 Taiwan-Thailand Industrial Summit in Bangkok, introducing ANEX2024 to the Southeast Asian market Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:36
- Heading to the ANFA Conference in Hong Kong Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:28
- TNFIA President Jian was interviewed by Japan Nonwoven Reports, sharing Taiwan's experience and promoting ANEX2024. Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:20
- Book your booth at the 2024 Taiwan Wine & Spirits Festival in spring! TWSF in SPRING / 2023-12-08 09:57:07
- 2024 Taiwan Wine & Spirits Festival, where passion meets perfection! TWSF in SPRING / 2023-12-08 09:51:37
- Highlights of the Successful Conclusion of VietnamPlas 2023 Vietnam Plas (HCM) / 2023-12-07 15:59:11
- VietnamWood's Digital Path to Woodworking Excellence VIETNAMWOOD / 2023-11-08 18:19:34
- Apply your visit to Taiwan International Food Industry Show 2023 Taiwan Int'l Food Industry Show / 2023-10-27 11:45:13
- Apply your visit to 2023 Taiwan Wine & Spirits Festival Taipei Int'l Wine & Spirit Festival / 2023-10-27 11:38:49
- Apply your visit to Taiwan International Tea Expo 2023 Taiwan Int'l Tea Expo / 2023-10-27 11:35:03
- Apply your visit to Taiwan International Coffee Show 2023 Taiwan Int'l Coffee Show / 2023-10-27 11:30:06
- Booth registration for ATLife 2024 opens now! Assistive Technology for Life / 2023-10-24 16:07:50
- 【VietnamWood 2023】Profession and Entertainment ALL in ONE VIETNAMWOOD / 2023-09-23 11:02:52
- 【VietnamWood 2023】 Has a successful start VIETNAMWOOD / 2023-09-22 09:58:41
- 【VietnamWood 2023】Highly reputed by exhibitors VIETNAMWOOD / 2023-09-22 09:56:16