Vietnam’s textile and garment exports have risen 13.3% to US$7.3bn for the first three months of the year.
According to the information agency for the Ministry of Industry and Trade, Vinanet, citing official data from the General Department of Customs, in February exports fell 60.3% year-on-year to US$1.31bn. In March, they jumped back up 15.9% year-on-year to US$2.7bn.
The US was the biggest market for Vietnam’s garment and textile products, accounting for 46.6% of total export turnover. For the three-month period, US$2.14bn worth of textile and garment product was exported to the US, up 9.4% against the same period a year earlier.
Exports to Japan accounted for 12.6%, reaching $577.8m up 7.6% year-on-year and exports to the EU, accounting for 12.1%, reached US$556.1m up 3.1%.
Earlier this year Vietnam Textile and Apparel Association (Vitas) chairman, Vu Duc Giang, said despite global economic turbulence, Vietnamese textile firms have witnessed positive signals for orders in 2019. The country is eyeing export growth to US$40m this year, a rise of 10.8% on 2018 thanks to the highly competitive nature of the Vietnamese products and higher investments in the textile and dyeing industry.
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