Vietnam earned 5.87 billion USD from garment exports in the firstseven months of this year, a year-on-year rise of 17.4 percent.
The country has also seen a positive growth in most of its exportmarkets as compared to the same period last year, reported the VietnamGarments and Apparel Association (Vitas).
TheRepublic of Korea (RoK) topped the list of markets with an 80percent growth rate thanks to a reduction in tariff in line with theASEAN-RoK Free Trade Agreement. It was followed by ASEAN, with a growthrate of 30 percent; the US , 23 percent and Japan, 15 percent.
In addition, domestic companies have begun to ship raw materialsoverseas, especially fibres, instead of only finished products aspreviously.
The Chairman of Vitas, Le Quoc An, saidthat many businesses have received orders for the third quarter and someeven for the whole year plus prices have risen by 10-15 percentyear-on-year.
The industry is likely to reach itsyearly target of 10.5 billion USD in export turnover, including 1.8-1.9billion USD from fibres, he said.
To ensuresustainable development, businesses have made every effort to boostdomestic sales, with an average annual growth rate up to between 15-18percent.
General Director of the Vietnam Garmentsand Textiles Group Vu Duc Giang said that the industry earned 6 trillionVND from the domestic market in the first half of the year, ayear-on-year increase of 28 percent.
The sector nowhas more than 1,500 shops and distributors across the country. Manycompanies, including May 10, Nha Be, Viet Tien and Thang Long, haveopened shops to sell tailor-made products and linked up with others toset up chains of stores./.
The country has also seen a positive growth in most of its exportmarkets as compared to the same period last year, reported the VietnamGarments and Apparel Association (Vitas).
TheRepublic of Korea (RoK) topped the list of markets with an 80percent growth rate thanks to a reduction in tariff in line with theASEAN-RoK Free Trade Agreement. It was followed by ASEAN, with a growthrate of 30 percent; the US , 23 percent and Japan, 15 percent.
In addition, domestic companies have begun to ship raw materialsoverseas, especially fibres, instead of only finished products aspreviously.
The Chairman of Vitas, Le Quoc An, saidthat many businesses have received orders for the third quarter and someeven for the whole year plus prices have risen by 10-15 percentyear-on-year.
The industry is likely to reach itsyearly target of 10.5 billion USD in export turnover, including 1.8-1.9billion USD from fibres, he said.
To ensuresustainable development, businesses have made every effort to boostdomestic sales, with an average annual growth rate up to between 15-18percent.
General Director of the Vietnam Garmentsand Textiles Group Vu Duc Giang said that the industry earned 6 trillionVND from the domestic market in the first half of the year, ayear-on-year increase of 28 percent.
The sector nowhas more than 1,500 shops and distributors across the country. Manycompanies, including May 10, Nha Be, Viet Tien and Thang Long, haveopened shops to sell tailor-made products and linked up with others toset up chains of stores./.
