Vietnam’s garment and textile industry has so far posted a year-on-year rise of 16.4 percent in export value to reach 10.21 billion USD.
The highest growth was seen in the Republic of Korea market with 30.1 percent, followed by the US and Europe, 14.5 percent and 11.3 percent, respectively, said Tran Viet, head of the market department of the Vietnam National Textile and Garment Group (Vinatex), at a press conference in Hanoi on June 16.
Since the beginning of this year, the State-run group raked in 1.62 billion USD from exports, posting a year-on-year increase of 15 percent.
The group is focusing on a number of sub-material projects to increase the production capacity and cater for the demands of Trans Pacific Partnership (TPP) Agreement.
It will launch its initial public offering (IPO) – the first sale of stock to the public, in Ho Chi Minh City on July 22.
In 2013, the garment and textile sector earned 19.8 billion USD from shipment, up 16.9 percent year-on-year. Vinatex’s export revenue hit nearly 3 billion USD, a 12 percent rise against 2012, while its domestic earnings reached 22.5 trillion VND (1.05 billion USD), up 15 percent.
The same year, Vietnamese garments and textiles shipped to 11 TPP economies touched over 11 billion USD, accounting for 22.7 percent of Vietnam’s total export volume to TPP.-VNA
The highest growth was seen in the Republic of Korea market with 30.1 percent, followed by the US and Europe, 14.5 percent and 11.3 percent, respectively, said Tran Viet, head of the market department of the Vietnam National Textile and Garment Group (Vinatex), at a press conference in Hanoi on June 16.
Since the beginning of this year, the State-run group raked in 1.62 billion USD from exports, posting a year-on-year increase of 15 percent.
The group is focusing on a number of sub-material projects to increase the production capacity and cater for the demands of Trans Pacific Partnership (TPP) Agreement.
It will launch its initial public offering (IPO) – the first sale of stock to the public, in Ho Chi Minh City on July 22.
In 2013, the garment and textile sector earned 19.8 billion USD from shipment, up 16.9 percent year-on-year. Vinatex’s export revenue hit nearly 3 billion USD, a 12 percent rise against 2012, while its domestic earnings reached 22.5 trillion VND (1.05 billion USD), up 15 percent.
The same year, Vietnamese garments and textiles shipped to 11 TPP economies touched over 11 billion USD, accounting for 22.7 percent of Vietnam’s total export volume to TPP.-VNA
