Vietnam exports $8Bln textile and apparel in Jan-Sep

Vietnam earned $8 billion export revenue from textile and apparel in the first nine months of this year, increasing 20% on year, the online newspaper Tuoitre reported on September 30, citing the Vietnam Textile and Apparel Association (VITAS).

In September alone, these products exceeded $1 billion, ranking the highest export revenue among the exported products of Vietnam in seven months.

Vietnam is estimated to export $10.5 billion textile and apparel in the whole year 2010, the VITAS said.

Vietnam could earn more export revenue from textile and apparel because the world textile and apparel will continue to recover in the year-end of 2010, local senior economists forecast.

Diep Thanh Kiet, Deputy President of the Vietnam Leather and Footwear Association, forecast at the 29th International Footwear Conference (IFC) that with cheap labor costs, Vietnam would be able to take over a large volume of orders in garment and textile, leather and footwear and furniture.

Earlier, Vietnam is estimated to have incurred a trade gap of $8.58 billion or 16.6% of the export revenue in the first nine months of this year, up $1.47 billion on year.

Tags: Vietnam textile exports

Posted by VBN on Oct 1 2010. Filed under Garment Textile, Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry