VIETNAM: Textile and garment exports surge 21.9% in Q1
Vietnam's textile and clothing exports jumped 21.9% year-on-year in the first quarter of 2014 to reach $4.53bn, according to the country's General Statistics Office.
Shipments in March alone surged 27% to $1.6 bn, the data showed.
The state-owned Vietnam National Textile and Apparel Group (Vinatex) remains the largest contributor to exports, accounting for $725m during the three-month period, up by 12% on the year before.
Strong growth was seen in all major export markets, including the US (up 15%), the EU (up 21%), Japan (up 14.8%) and South Korea (up 35%) against same period 2013. These are the biggest export markets respectively.
During the period, Vietnam spent $1.8bn on importing fabric for local production.
Help test our new apparel sourcing tool.
- Digitalisation and data to disrupt supply chains
- EU eyes mandatory due diligence for apparel supply
- 3D CAD comes of age
- Unlocks for the future fashion sourcing landscape
- What TTIP might mean for US, EU textiles & apparel
- Li & Fung forms supply chain partnership with PVH
- Big data to help US firms improve clothing fit
- US Q4 in brief – G-III Apparel, Finish Line
- Levi Strauss and ILO probe Cambodia factory death
- Labour rights risk Bangladesh EU trade benefits?
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack