A latest report from Ministry of Industry and Textile reveals that in October 2007 the country faced a drop of 1.66 percent against September, which was totaled at US $610 million.
This is the second consecutive month when this kind of drop is seen in the biggest currency earner – the textile and apparel industry. Experts believe that the reasons behind such huge plunge because export orders for the US have been delayed in these two months and thus the fall in country's earning.
Pham Xuan Hong, Vice Chairman of VITAS said that in the last two months, Vietnam will attain its target of $7.3 to 7.5 billion set for the current year.
Fibre2fashion News Desk - Vietnam