Garment & textile exports to hit 27.5 bln USD

Illustrative Image (Source :VNA)

Hanoi (VNA) – The exports of garments and textiles in 2015 are expected to reach 27.5 billion USD, up 11.3 percent from the same period last year, as heard at the Vietnam National Textile and Garment Group’s fifth Congress for the 2016-2020 term in Hanoi on November 26.

According to Chairman of the Vietnam National Textile and Garment Group (Vinatex) Vu Duc Giang, Vietnamese garment and textile enterprises have actively participated to the campaign “Vietnamese people prioritize Vietnamese goods” with a view of pushing for the domestic market’s growth.

Many enterprises have achieved higher turnovers and expanded their outlets nationwide.

The garment and textile sector has overcome difficulties, maintaining a stable growth and surpassing its target from 2010-2015.

The sector’s average growth rate in the period was 14.75 percent, contributing significantly to the country’s export turnover while maintaining Vietnam’s position in the list of the world’s top five garment and textile exporters.-VNA