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.
vov
> Vietnam- the best destination for investors (27/07/2010)
> Used cars still arriving despite tariff barrier (26/07/2010)
> Chinese footwear dominates Vietnam market (26/07/2010)
> US seafood market opens to trade, but . . . (26/07/2010)
> Thai fruits leave domestic fruits behind (26/07/2010)
> Trade deficit climbs to 7 billion USD (26/07/2010)
> Foreign retail invasion yet to happen (26/07/2010)
> Vietnamese firms focus more on Cambodia (26/07/2010)
> Economists call for flexible finance policies (26/07/2010)
> Bicycle industry will recover, anti-dumping duties removed (26/07/2010)