The export revenue this year is estimated to top $40 billion, about 9.2 per cent less than that of last year’s, VITAS chairman Vu Duc Giang told a recent press conference.
Vietnamese textile and garment products were exported to a record 104 countries and territories this year, he said.
The United States remained the biggest importer of Vietnamese textile and apparel, with a turnover of over $11 billion by the end of September this year. It was followed by Japan (about $3 billion), South Korea ($2.43 billion) and the European Union ($2.9 billion).
Vietnam’s exports to the EU, however, failed to meet expectations with the first nine month’s revenue dropping by 13 per cent, a news agency reported.
There is a need for the country to focus on developing the fashion industry, building domestic brands and then making them globally known, Giang added.
ALCHEMPro News Desk (DS)
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