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Garment, textile export fetches nearly 8.7 billion USD in Q1

The Vietnam Textile and Apparel Association (Vinatex) has reported that total export earnings of the garment and textile sector in the first quarter reached nearly 8.7 billion USD, up 11.31 percent over the same period last year.
Garment, textile export fetches nearly 8.7 billion USD in Q1 ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – The Vietnam Textile and ApparelAssociation (Vinatex) has reported that total export earnings of the garmentand textile sector in the first quarter reached nearly 8.7 billion USD, up11.31 percent over the same period last year.

The US remained the biggest market of the sector withturnover of more than 3.4 billion USD, followed by the EU with over 1.4 billionUSD, Japan with 964 million USD, China, 936 million USD, and the Republic ofKorea, 874 million USD.

In the past three months, Vinatex, the country’s largesttextile company made a revenue of over 10.6 trillion VND, with exports reaching594 million USD.

The firm’s pre-tax profit was 280 billion VND, making up16.2 percent of its yearly target and representing a rise of 24.4 percentagainst the same period last year.-VNA
VNA
#Vietnam Textile and Apparel Association (Vinatex)#garment and textile sector#Vinatex#exports of garment and textile#Vietnam#Vietnam news#Vietnam News Agency
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