Garment sector targets export turnover of 3 bln USD to RoK
Vietnamese garment and textile companies are targeting a total export turnover of an estimated 3 billion USD to the Republic of Korea this year, Viet Nam Investment Review reported.
The total export turnover of Viet Nam's textile and garment sector to the RoK reached 2.4 billion USD last year, an increase of 27 percent compared to 2013.
The highest growth was seen in jackets, overcoats, suits and male and female trousers.
The Republic of Korea is Viet Nam's fourth-largest textile and garment export market.
Tran Viet, the Head of the Viet Nam Textile and Garment Group's market department, said the RoK is still a major market for Vietnamese textiles and garments, along with markets such as the US, the EU and Japan.
According to the General Customs Office, the number of Vietnamese businesses with import/export activities with the RoK increased from 10,900 in 2013 to 13,100 last year.
In the textile and garment sector, there are more than 100 domestic enterprises and 510 RoK-invested companies.