Garment becomes second largest foreign currency earnerThe textiles and garment industry gained the second-largest export value in the first four months of this year, after the export value of phones and their components, according to the Ministry of Industry and Trade. This accounted for 47.3 percent of the total garment export value. The export value of textiles and garments from Vietnam to Japan reached 855.44 million USD, 19.6 percent higher than the same period last year, accounting for 13.3 percent of the total export value. The export value of textiles and garments to the Republic of Korea stood at 798.6 million USD and 268.95 million USD to China, an increase of 14.8 percent and 40.9 percent, respectively, against the same period in 2017. |Meanwhile, the value rose by 11.8 percent to reach 806.23 million USD worth of exports to the European Union and by 26 percent to 228.36 million USD worth of exports to the ASEAN market compared to the same period last year.

Source: VietNamNet News May 11, 2018 03:45 UTC