Textile and clothing chiefs in Vietnam were celebrating on Tuesday after surging exports in the first 10 months of this year hit $3.15 billion - the target set for the whole of 2003.

Figures released by the Ministry of Trade showed shipments to the US generated half of that total, although it added the latest figure was inflated by a 10 to 20 per cent hike in prices.

It added the industry is now on course to generate full year export earnings of $3.6bn, up 33 per cent on last year's $2.7bn, but said the growth will slow in the remaining two months as quotas fill up.