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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Vietnam's garment, textile exports up 11 pct in 6 months

Thursday, July 13, 2017 > 14:04:47
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News Xinhuanet





 Vietnam earned nearly 14.6 billion U.S. dollars from exporting garments and textiles, mainly to American, European and Japanese markets, in the first half of this year, up 11.3 percent year-on-year.

Garment exports hit over 11.8 billion U.S. dollars in the six-month period, up 9.1 percent, while fiber and yarn surged 27.4 percent to roughly 1.7 billion U.S. dollars, according to the Vietnamese Ministry of Industry and Trade on Wednesday.

Vietnam's garment and textile export revenues are most likely to stand at 31.3 billion U.S dollars this year, said local experts.

In 2016, Vietnam's garment and textile exports reached 23.8 billion U.S. dollars, posting a modest growth rate of 4.5 percent due to thinner demand of key importers, said the ministry.


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