Vietnam gained over 9.4 billion U.S. dollars from exporting garments and textiles in the first four months of this year, up 9.8 percent year-on-year, according to the country’s Ministry of Industry and Trade on Wednesday.
In April alone, the country raked in 2.3 billion U.S. dollars from selling the products offshore, rising 7.1 percent.
Between January and April, largest importers of Vietnamese garments and textiles included the United States, Japan, the European Union and South Korea.
The revenue surge was mainly attributable to strong market demand, with many orders already placed for the first six months of this year or even the whole year, said the ministry.
Vietnam’s garment and textile export turnovers may reach 40 billion U.S. dollars in 2019, the Vietnam Textile and Apparel Association forecast.
Vietnam, which is among the world’s five biggest exporters and producers of garments and textiles, posted garment and textile export turnovers of over 30.4 billion U.S. dollars in 2018, up 16.6 percent from 2017.
However, Vietnam had to spend more than 12.9 billion U.S. dollars importing cloth last year, up 13.5 percent, the association said, noting that most of local cloth has yet to satisfy quality requirements of the country’s key garment export markets.
Courtesy: XinhuaNet.com
The LYCRA Company has joined forces with Qore, a collaboration between Cargill and HELM, to make the world’s first large-scale…
Pakistani denim manufacturer Soorty has partnered with zero-waste designer Decode to create a modern and sustainable version of the jumpsuit…
Puma released its new Re: Suede 2.0 sneaker after a successful trial study which showed that the footwear could be…
A new supply chain rule, endorsed by the European Parliament, is set to enhance labor and environmental standards in the…
Freitag introduces the Mono[P6], a fully circular backpack developed over three years, crafted from a single material, emphasizing simplicity for…
Hellmann’s Canada collaborates with ID.Eight to unveil a special-edition trainer, ‘1352: Refreshed Sneakers,’ made from food waste materials like corn.