This is also the first month in the year the sector’s exports have exceeded the 4 billion USD mark, the highest figure since August, 2022.

The first seven months of the year witnessed export revenue of the garment and textile sector surge by 5.9% on-year to 23.9 billion USD.

Furthermore, fibre and yarn exports during the January to July period rose by 3.5% on-year to 2.53 billion USD, while that of fabrics also soared by 18% to 458 million USD.

Currently, Vietnam exports textile and garment products to 113 countries and territories. The main export markets for Vietnam's textile and garment industry are the US, the EU, Japan, the Republic of Korea (RoK), and China.

The country’s garment and textile exports reached 39.5 billion USD in 2023, an annual drop of 10%. This year the sector has set an export turnover target of 44 billion USD.

Garment industry exports make recovery

Many garment companies have reported 10-15% year-on-year increases in exports in the first quarter and receiving enough orders to last until the third.

Vietnam’s garment sector targets export revenue of 70 billion USD by 2030

Vietnam aims to bring in 70 billion USD in garment export revenue by 2030, according to Truong Van Cam, Vice Chairman of the Vietnam Textile and Apparel Association (Vitas).

Green production critical to sustainable textile, garment export

Textile and garment exports posted a year-on-year increase of 15% in the first two months of 2024, a result partly attributed to the industry’s gradual adaptation to the green production requirement of import markets.

Garment sector eyes 44 billion USD in export this year

The garment and textile sector has set a target of 44 billion USD in export turnover this year, up 10% year-on-year.

Vietnamese textile-garment sector logs record number of export markets

Vietnam's textile and garment products have been exported to 104 countries and territories this year – a record number, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

Source: VNA