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Vietnam textile & garment exports jump 8.5% y-o-y in 2012
Jan '13
Textile and garment exports from Vietnam earned a record US$ 17.15 billion in 2012, registering an increase of 8.5 percent year-on-year, according to the data released by the Vietnam Ministry of Industry and Trade (MOIT).
Vietnam’s textile and apparel exports were mainly destined to the US, the EU and Japan during the year. While exports to Japan surged by 19.3 percent year-on-year, those to the US jumped 9.2 percent year-on-year.
The Vietnam National Textile and Garment Group (Vinatex), the largest Vietnamese company, exported textiles and apparels worth US$ 2.6 billion during the year, showing a rise of 16 percent year-on-year.
Among sub-sectors, Vietnam’s revenues from the garment sector grew by 12 percent year-on-year to US$ 15.8 billion, while the textile sector exports accounted for the remaining US$ 1.35 billion.
Last year, Vietnam imported US$ 8.8 billion worth of raw materials for use in the manufacturing of textiles and apparels.
For the current year, MOIT aims to achieve around US$ 19 billion from textile and clothing exports.

Fibre2fashion News Desk - India

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