Illustrative image (Source: VNA)

Hanoi (VNA) – The Vietnam Textile and Apparel Association (Vinatex) has reported that total export earnings of the garment and textile sector in the first quarter reached nearly 8.7 billion USD, up 11.31 percent over the same period last year.

The US remained the biggest market of the sector with turnover of more than 3.4 billion USD, followed by the EU with over 1.4 billion USD, Japan with 964 million USD, China, 936 million USD, and the Republic of Korea, 874 million USD.

In the past three months, Vinatex, the country’s largest textile company made a revenue of over 10.6 trillion VND, with exports reaching 594 million USD.

The firm’s pre-tax profit was 280 billion VND, making up 16.2 percent of its yearly target and representing a rise of 24.4 percent against the same period last year.-VNA