Vietnam's textile-garment exports expected to hit $45.7 bn in 2022

Garment-textile was also among the six groups whose export value increased by over $1 billion, the authority was quoted as saying by a news agency.

Some 14,000 businesses are operating in the sector, with a combined capital of more than $46 billion. These employ nearly 200,000 labourers.

The Vietnam Textile and Apparel Association (VITAS) had earlier said textile-garment producers aim to earn up to $21 billion from exports in the second half this year, raising total shipments of the year to around $42-43 billion.

The industry, which has gradually recovered this year, witnessed a trade surplus of $8.86 billion in the first half of the year.

ALCHEMPro News Desk (DS)