Garment, textile posts good growth with many new products

SGGP
The garment and textile industry posted an export value of US$6.75 billion in the first quarter this year, reported Vietnam Textile and Apparel Association (Vitas).

Saigon 3 Garment Company (Photo: SGGP)

Saigon 3 Garment Company (Photo: SGGP)

The growth rate from traditional markets like the US and the US was not high, approximating 6.3-6.4 percent. Still, it was good in new markets such as Russia with 115 percent, Thailand 17 percent, Indonesia 11 percent, Singapore 38 percent, Laos 24.5 percent, Cambodia 36 percent and Brazil and India 34 percent and South Korea 14 percent.
Traditional items comprising T-shirt and trousers sustained growth momentum with 13-17 percent, suits 15 percent, shirt and jacket 1 percent. New products including swimming suits, raincoats and scarfs grew 29-41 percent.
According to Vitas, the new products and new markets have gradually brought the industry high and stable growth.
The association forecast that the growth rate will approximate 10 percent in the second quarter.
This year, the industry has set a target of $31-32 billion export turnover.

By VAN DIEU – Translated by Hai Mien

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