Garment and textiles exports reach 3.4 billion USD in the first two months

Thu Minh

Mar 17, 2015 / 02:41 PM

According to the latest figures of the Ministry of Industry and Trade, garment and textiles exports in two months of this year earned 3.4 billion USD, an increase of nearly 18% over the same period last year.

Since the middle of January, most of enterprises in Vietnam Textile and Garment Group signed orders exporting for the end of the second quarter of 2015.

The US remained the largest export market for Vietnamese garment and textiles, accounting for 8.4% of the country’s market share. Vietnamese garment and textiles exports to the highly lucrative market is estimated to reach 11 billion in 2015.
Meanwhile, the EU continues to be a main market for Vietnamese garment and textiles in the coming time after the EU-Vietnam Free Trade Agreement comes into effect. Accordingly, a tax cut of 12 to zero % on Vietnamese garment products will create more favourable conditions for Vietnamese enterprises raise their competitiveness.

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