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Vietnam's textile-garment exports expected to hit $45.7 bn in 2022

04 Aug '22

1 min read

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Vietnamese garment-textile exporters expect to earn $45.7 billion this year amid decent business since the year started and positive market developments. As of mid-July, garment-textile was among the four sectors posting high export revenues, with a record of $20.4 billion--up by 19.7 per cent year on year (YoY), according to the general department of Vietnam customs.

Garment-textile was also among the six groups whose export value increased by over $1 billion, the authority was quoted as saying by a news agency.

Some 14,000 businesses are operating in the sector, with a combined capital of more than $46 billion. These employ nearly 200,000 labourers.

The Vietnam Textile and Apparel Association (VITAS) had earlier said textile-garment producers aim to earn up to $21 billion from exports in the second half this year, raising total shipments of the year to around $42-43 billion.

The industry, which has gradually recovered this year, witnessed a trade surplus of $8.86 billion in the first half of the year.

Fibre2Fashion News Desk (DS)

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