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Textile & garment exports boost up in Ho Chi Minh City

26
Mar '08
In the first quarter of 2008, Ho Chi Minh city, the economic hub of Vietnam, has earned nearly US $5.1 billion from exports, representing a year-on-year boost of 26.8 percent.

Textile and garment products enjoyed the strongest growth among all exported items. A rise of 14 percent was marked, with turnover reaching almost $370 million, when compared to same period of last year.

The revenue from footwear exports also reached $80 million, increasing by 6.6 percent in comparison to 2007.

Another key product that witnessed a rise is, crude oil, with earnings reaching almost $3.43 million through exports, registering a growth of 11.5 percent.

On the other hand, during this period, a growth in imports was also observed for the Ho Chi Mihn City. The region expended near about $4.11 billion, showing a rise of 16.9 percent, compared to similar period last year.

Fibre2fashion News Desk - Vietnam


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