Textile, apparel export increases 11 percent in first quarter

Vietnamese textile and apparel export was stable with turnover hitting US$6.84 billion in the first quarter, a year on year increase of 11.2 percent, reported Vietnam Textile and Apparel Association.

A garment firm in Ho Chi Minh city (Photo: SGGP)

Most businesses have had orders for the second quarter this year. Vietnamese garment products have been present in over 40 countries and territories including the US, Japan, South Korea, China and the EU.

However, orders have been in shorter and shorter terms with price not increasing. Therefore, the association advised businesses to fully exploit the efficiency and capacity of machines and equipment to reduce costs.

This year, the garment and textile industry has set a target of reaching a growth rate of 6.5-7 percent compared to 2016 with the turnover topping US$30 billion.

(Source: SGGP)