Domestic production recovers

Domestic production grew 16.8 percent and increased material imports in the first two months of 2014.

Suit production for exports to the US at Nha Be Garment Company (Photo: SGGP)

Import turnover reached US $20.8 billion in 2014, said Do Thang Hai, deputy Minister of Industry and Trade on March 3. This is a steady increase of 17 percent over the same period last year.

Export turnover reached US $21 billion in the first two months this year, an increase of 12.3 percent since the same period last year.

Garment and textile companies are experiencing the highest increase of 30 percent. Most businesses have stable foreign clients.

By Ha My – Translated by Hai Mien

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