Vietnam’s textile and garment industry has not been able to fully capitalise on the advantages and potential of FTAs, according to the Ministry of Industry and Trade (MoIT).
Prime Minister Pham Minh Chinh and visiting Mozambican President Filipe Jacinto Nyusi on September 9 discussed and agreed on specific measures to further promote cooperation between the two countries.
General Statistics Office figures reveal that Vietnam earned 5.2 billion USD from exporting textile and garment products in the opening two months of 2024, a 15-percent increase compared to the same period of 2023. The figures put textiles and garments in fourth position in terms of revenue-generating sectors.
The southern province of Dong Nai posted a trade surplus of 4.8 billion USD with its export earnings and import turnover reaching more than 17.8 billion USD and over 13 billion USD in the first 10 months of 2023, respectively.
Under a strategy to develop garments, textiles and footwear by 2030 with a vision to 2035, Vietnam aims to gain 38-39 billion USD in export turnover from leather and footwear products by 2030.
Domestic private enterprises in the southern province of Dong Nai earned nearly 5.8 billion USD from export activities in 2022, a record so far, according to the provincial Department of Industry and Trade.
Cambodia should consider developing industry transformation maps in key sectors to enable the transition to the fourth industrial revolution (4IR) with adequate investment in skills development for new and repositioned jobs, according to a new study by the Asian Development Bank (ADB).
Vietnam’s total revenue from retail trade and services in the first nine months of this year reached 3.6 quadrillion VND (around 155.3 billion USD), 11.6 percent over the same period last year.
The southern province of Dong Nai enjoyed a trade surplus of nearly 1.4 billion USD in the first eight months of the year, according to the provincial Statistics Office.
Vietnam’s trade deficit was estimated to hit 2.13 billion USD in the first eight months of 2017, according to the General Department of Vietnam Customs.
The Ministry of Industry and Trade has submitted a proposal to Prime Minister Nguyen Xuan Phuc suggesting solutions to issues raised by the Vietnam Textile and Apparel Association (VITAS).
The Mekong Delta city of Can Tho posted total export value of 234 million USD in the first three months of this year, a year-on-year increase of 17.5 percent, and accounting for 16% of the yearly plan
The southern province of Dong Nai is likely to record a trade surplus of 1.5 billion USD this year, according to the provincial Department of Industry and Trade.
The US was Vietnam’s biggest export market in the first 11 months of 2015 with a turnover of 30.6 billion USD, up 17.6 percent year-on-year, said the General Statistics Office (GSO).