Garment, textile exports maintain steady growth

Garment and textile exports continued to maintain steady growth in April with export value reaching US$1.31 billion, with this year’s exports touching $5.1 billion, an increase of 20 percent compared to the same period last year.

Although this is not peak season for the garment and textile industry, average monthly turnover still exceeded $1.3 billion, currently accounting for 15 percent of the country’s total exports.

According to Ho Chi Minh City-based garment and textile companies, many importers have placed or increased orders, and hence firms are in a position to choose from best orders to fulfill. Some firms said they have already received orders for August and September.

In order to achieve an export target of $126 billion this year, the country’s total exports have to reach at least $10.6 billion each month. However, total exports in April barely touched $9.7 billion.

By My Hanh – Translated by Thuy Doan

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