Garment, textile targets $34 billion export turnover

The garment and textile industry has set a target of US$34 billion export turnover in 2018, a year on year increase of 10 percent, said Vietnam Textile and Apparel Association.

(Photo: SGGP)

(Photo: SGGP)

Last year, the total export turnover topped $31 billion, up 10.23 percent over the same period in 2016. That was higher than the year plan of $30 billion.
Besides traditional markets such as the US, EU, Japan and South Korea, Vietnam has made efforts to diversify markets and seen breakthroughs in other markets such as China, Russia and Cambodia.
Notably, South Korea has risen to the fourth largest export market of Vietnam with the turnover of $2.7 billion.
In addition the export turnover to China reached $3.2 billion, equal to that to Japan.

By VAN DIEU – Translated by Hai Mien

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