Vietnam'S Textile And Clothing Exports Nearly $4 Billion 200 Million In The First Half Year

Despite the growing price of raw materials, Vietnam's textile and clothing exports were close to US $4 billion 200 million in the first half of this year, with an annual growth rate of 20%.

Vietnam textile and Apparel Association (Vitas) reported that the United States is still Vietnam's largest export market, Vietnam exported 2 billion 400 million US dollars to the United States, accounting for 57% of the total exports of the country.

The EU is Vietnam's second largest export market, Vietnam exports $780 million to the EU, Japan is Vietnam's third largest market, and exports to Japan $360 million.

Vitas reported that the US Department of commerce did not find dumping evidence of Vietnamese textiles and clothing on the US market, which is a good omen for the future export of Vietnam's textile and garment industry.

To complete the export target of US $5 billion 300 million, Vitas President Le Quoc An said that domestic enterprises should make greater efforts in the second half of the year, and they still face many difficulties, including rising raw material prices, high loan interest rates, insufficient human resources, high inflation and so on.

In addition to these difficulties, the textile and garment industry also has many advantages.

He said that the textile and garment industry received a large number of orders, and they need not worry about anti-dumping proceedings.

The official suggested that enterprises should expand the export of high value-added and new products, so as to reduce the impact of imported state surveillance management on Vietnam's exports.

He said that enterprises should be more active in developing new markets, especially in the Middle East and African markets, and overcome shortcomings in management and productivity.