Business

Apparel exports to the US likely hit 8.5 billion USD

Vietnam’s garment and textile industry is able to earn 8.5 billion USD from selling its products to the US by the year-end, up 10.4 percent from 2012.
Vietnam’s garment and textile industry is able to earn 8.5 billion USDfrom selling its products to the US by the year-end, up 10.4percent from 2012.

According to the US Chamber ofCommerce (AmCham) in Vietnam, the sector is likely to post a gradualgrowth in its apparel exports to the market due to a moderate increasein labour costs estimate for next year.

TheSoutheast Asian nation is expected to enjoy the strongest growth amongthe largest clothing exporters to the US, namely China, India,Indonesia, Mexico and Bangladesh.

Currently, Vietnam ’s textile-garment exports account for 36 percent of its total export turnover to the US .

The sector might bring home 16.4 billion USD from shipping its products to the US by 2025.-VNA
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