VOV.VN- Vietnam's import-export value during the course of the opening ten months of the year witnessed a slight increase of 2.6% to US$439.82 billion, with exports to the United States reaching up to US$62.34 billion, according to the latest figures released by the General Department of Vietnam Customs.

A shortage of raw materials remained an obstacle that needed to be removed if Vietnamese textiles and garment enterprises want to seize export opportunities in the European Union (EU) under the EU-Vietnam Free Trade Agreement (EVFTA), according to experts.

VOV.VN - The opening eight months of the year witnessed the country’s export and import turnover reach over US$50 billion, whilst its trade surplus hit a record high of approximately US$13.5 billion, according to figures released by the Customs General Department.

Experts believe Vietnam this year will reach its export target for timber and wooden products at US$12 billion, despite the impact of the COVID-19 pandemic.

The Vietnam National Textile and Garment Group (Vinatex) aims for an annual growth rate of 8% – 10% in production value, revenue and export value in the period from now to 2025, according to the group’s chairman of the board Le Tien Truong.

VOV.VN - Vietnam has surpassed Bangladesh in terms of textile and garment exports over the first six months of the year, with the former’s total export value of over US$13 billion, US$1 billion more than the latter’s.