Garment-textile sector earns $8 billion from exports in Q1Garment-textile export turnover reached nearly 8 billion USD in the first quarter of 2018, a year-on-year rise of 13.3 percent. Garment-textile export turnover reached nearly 8 billion USD in the first quarter of 2018, a year-on-year rise of 13.3 percent. This is considered a good start for the industry to realise its export target of 35 billion USD by the end of this year. Garment-textile exports in 2018 are anticipated to be better than in 2017 with the maintenance of two-digit growth. Free trade agreements not only help the garment-textile sector diversify export markets but also reduce imports of material, he said, adding that currently Vietnam exports more than 3 billion USD worth of yarn,nearly one billion USD worth of fabric and 400 million USD worth of garment accessories each year.

Source: VietNamNet News April 06, 2018 03:56 UTC