Viet Nam is now the fourth largest textile exporter in the world with 12.18 billion USD earned from these products in the first 6 months of this year, according to the Viet Nam National Textile and Garment Group (Vinatex).

Garment production in a Vietnamese factory.

The figure represented a 10.26% increase from the same period last year.

The US, the Republic of Korea (RoK) and the European Union were the biggest importers of Vietnamese products, posting growth rates of 11.01%, 8.33%, and 8.2%, respectively, against the same period last year.

Vinatex General Director Le Tien Truong said the results are a positive sign which will enable Viet Nam’s garment industry to achieve its set target of 27-27.5 billion USD in export value this year.

With favourable movements in the global economy and the recent signing of free trade agreements (FTA) between Viet Nam and the Eurasian Economic Union (EAEU), and the RoK, 2015 is forecast to be a bright year for Viet Nam’s garment industry.

(Source: VNA)