Garments secure firm foothold in four large markets
(VOV) - Vietnamese garments earned more than US$1 billion in export revenue from four big markets each - US$7 billion from the US, US$2.6 billion from the EU, US$2.1 billion from Japan, and US$1.1 billion from the Republic of Korea in 2012.
These figures show an increase in the competitiveness of made-in-Vietnam products on the global market.
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The Vietnam Textile and Apparel Association (VITAS) said the world demand for garment products from Vietnam will grow slightly in 2013, by 5 percent in the US and 10 percent in Japan, which is likely to replace the EU as Vietnam’s second largest importer of Vietnamese garment and textile products.
It’s predicted that Vietnam’s garment export earnings from Japan will reach US$2.4 billion in 2013, a year-on-year increase of 18.5-19 percent.