Vietnam garment exports rise in Jan-Sept

22 Oct '12

1 min read

Posting a sustainable export growth, Vietnam’s garment and textile industry has managed to retain its position as country’s biggest foreign exchange generator.

According to Vietnam General Customs, the country’s garment and textile sector exports grew by 7.4 percent year-on-year to US$ 11.4 billion during the first three quarters of the current year.

While exports to the US, Vietnam’s largest textile and apparel export market, grew by 8 percent year-on-year to US$ 5.6 billion during the review period, those to the EU, the second biggest market, plummeted by 5.6 percent to US$ 1.81 billion.

During the nine-month period, Japan and Korea, two of Asia’s leading markets, imported US$ 1.45 billion and US$ 748 million worth of textiles and garments from Vietnam, respectively, representing a year-on-year rise of 18.7 percent and 18.5 percent, respectively.

Vietnam’s apparel and textile exports in September totalled US$ 1.33 billion, which was 12.3 percent lower than earlier month’s exports.

Vietnam National Textile and Apparel Group (Vinatex) expects the positive growth in garment and textile exports from the country to continue even during the fourth quarter, as several producers have already booked orders sufficient enough to keep them working till close of first quarter of 2013.

Fibre2fashion News Desk - India

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