Textile exports reach US$31 bln in 2017

VGP – Textile and apparel exports are expected to reach US$31 billion in 2017, an increase of 10.23% against the previous year. It aims to gain US$33.5-34 billion in 2018.

December 13, 2017 10:30 AM GMT+7

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The information was released by Chairman of the Viet Nam Textile and Apparel Association (VITAS) Vu Duc Giang at a press conference on the sector’s production in 2017.

To achieve the goal, the sector has established some strategic solutions to the development of garments in 2018.

Accordingly, the VITAS will set up the fourth industrial development strategy for the sector and call for more Foreign Direct Investment as well as limit the imports of raw materials.

The trade surplus of textile and apparel in 2018 will attain US$18 billion, higher than the figure of US$15.5 billion in 2017.

By Thuy Dung