Meanwhile, the country exported textiles, garments, fibre, yarn and fabric worth $18.73 billion during the period—a rise of 20.81 per cent year on year. That includes $14.99 billion in textiles-garments exports (up by 22.2 per cent), $376.8 million in geotextiles (up by 27 per cent) and $979.8 million in materials (up by 19.2 per cent).

The United States and Europe reducing shipments from China has offered Vietnam scope to expand its market share, according to a Vietnamese media report.

Vietnam’s economic integration with the world, especially signing of free trade agreements, also offers enough scope for breakthrough developments in the fibre and yarn segments.

Fibre2Fashion News Desk (DS)