Garment, fibre, fabric exports hit nearly US$20 billion
(VOV) - Vietnam’s garment, fibre and fabric exports jumped 9.88% year-on-year to nearly US$20 billion in the first nine months of this year, according to Vietnam Textile and Garment Association (VITAS).
Of the figure, garment exports hit US$17.08 billion, up more than 10%, fabrics (US$750 million, up 45%), fibre (US$1.9 billion), non-woven fabrics (US$340 million) and other materials (US$658 million).
In the period, TPP member countries imported US$11.250 billion worth of garment from Vietnam, a rise of 8.5% against the corresponding period last year.
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In the meantime, imports of fabrics and fibre to make products for exports and domestic consumption also increased by nearly 8% to US$12.3 billion. They included cotton (US$1.3 billion), fibre (US$1.14 billion), fabrics (US$7.5 billion) and other materials (US$2.4 billion).
VITAS forecast that the garment and textile sector will import around US$2.95 billion worth of fabrics in the fourth quarter of this year and set a target of US$28-28.5 billion export revenue this year.