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Vietnam's Jan-May exports up 15% YoY; textile-garment exports up 7.4%

13 Jun '24
1 min read
Vietnam's Jan-May exports up 15% YoY; textile-garment exports up 7.4%
Pic: Adobe Stock

Insights

  • Vietnam's exports rose by 15 per cent YoY in the first five months this year.
  • Fashion products, furniture and household appliances led the recovery.
  • Export turnover of the textile and garment sector during the period reached $12.8 billion—up by 7.4 per cent YoY.
  • Exports in the footwear and handbag sector reached nearly $7.9 billion—a rise of 7.3 per cent YoY.
Vietnam's exports rose by 15 per cent year on year (YoY) in the first five months this year. Fashion products, furniture and household appliances led the recovery.

Export turnover of the textile and garment sector during the period reached $12.8 billion—up by 7.4 per cent YoY, Ta Hoang Linh, director of the European-American market department under the ministry of industry and trade (MoIT), said.

Exports in the footwear and handbag sector reached nearly $7.9 billion—an increase of 7.3 per cent YoY.

The textile and garment sector targets an export turnover of $44 billion this year, Tran Nhu Tung, vice president of the Vietnam Textile and Apparel Association (VITAS), was cited as saying by a domestic media outlet. New orders in the sector improved in the five months.

Some businesses did face issues as a few key importing countries kept setting new and more stringent standards related to environment, sustainability, circular production, raw material traceability, safety, business reporting, forest management regulations and chemical use.

Fibre2Fashion News Desk (DS)

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