The Vietnamese textile and garment industry is likely to exceed its full year export targets by November, an industry leader has said.

Local press reports quoted Le Van Dao, chairman and general secretary of the Vietnam Textile and Apparel Association (Vitas), as saying the industry is likely to export over US$1bn in products in each month over the final quarter.

Vitas has a full year target of $10.5bn.

As reported on just-style last month, textile and garment exports from Vietnam continued to rebound in the first three-quarters of 2010, achieving year-on- year growth of 19.7% to US$7.49bn.

In September in particular the industry saw a 15-20% hike in prices, according Vitas.

Except for the EU region, where the pace of recovery continues to be slow, exports to all other major markets saw strong growth. Shipments to Korea and Japan rose by 80% and 15% respectively, helped by free trade agreements between the Association of South East Asia Nations (ASEAN) and these two countries.

Vietnam's footwear exports are also on the rise, growing 21.2% on-year to US$3.41bn.