Textile, garment exports reach nearly $6bn

The Vietnamese textile and garment sector is estimated to have earned US$5.8 billion from exports in the first seven months of the year, a year-on-year increase of 17 percent.

In July, exports to the Republic of Korea market increased by up to 80 percent, thanks to tax reduction under a trade agreement between ASEAN and China.

Exports to the ASEAN market saw a rise of 30 percent over the same period last year, the US 23 percent, Japan 23 percent, and Europe 1.5 percent.

It is predicted that under this current growth rate, Vietnam can achieve the target of exporting US$10.5 billion worth of textiles and garments in 2010.

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