Vietnam's textile and garment industry has currently raised its profits and improved its position in the global market.
In the first five months of this year, Vietnam’s textile and garment exports to member countries of the Trans-Pacific Partnership (TPP) increased 69, 66 percent in comparison to the same period of 2014.
The country's textile and garment exports totaled US$ 4 billion, accounting for 50 percent in the TPP member countries and 50 percent in the same period last year. Besides, the industry’s exports to Japan achieved US$ 1 billion, and US$ 207 million to Canada.
From January to June, 2015, the industry’s export turnover continued to profit at US$ 12, 18 billion, an increase of 10, 26 percent, compared to the same period last year.
According to the Vietnam Textile and Apparel Association (VITAS), with the sharply growth rate as now, export turnover of Vietnam’s textile and clothing is predicted to reach US$ 28 billion, leading the textile and garment sector to be one of the country's largest industries.