In the first four months of 2017, Vietnam’s export value of textiles and garments was up 15.7 per cent year on year. The country’s total exports in the four months were up 23 per cent from a year ago.

Exports of textiles and garments from Vietnam to Japan were 20 per cent higher than the same period last year, accounting for 13.3 per cent of the total export value. Similarly, exports to the Republic of Korea and China increased 15 per cent and 41 per cent respectively against the same period in 2017.

During the same period, exports to the European Union rose by 12 per cent while that to Asean increased 26 per cent.

Vietnam has trade relations with over 200 countries and territories around the world, and is gradually moving import-export markets from Asia to Europe and America. Its foreign trade increased fourfold from 2007 to 2014.

The country is focusing on developing other markets such as Asean, the Eurasian Economic Union, India and Latin American countries.

Enterprises are fully exploiting the working capacity of their workers as well as restructuring their management practices to improve labor productivity.

Vietnam is fast emerging as a major supplier of textiles and garments to the global market and the industry has become the second largest foreign exchange earner for the country.