The value of Vietnam's textile and garment exports rose 10.26 per cent in the first six months of this year compared with the same period last year.The United States continued to be the largest importer of Vietnam’s textile and garment products, accounting for 42 per cent of the national total export value, a surge of 11.01 per cent. It was followed by the European Union, whose imports of Vietnamese apparel were up 8.2 per cent.
Exports to Japan and South Korea in the first half of this year are expected to grow 7.3 per cent and 8.33 per cent, respectively, against the same period last year. Vietnam is the second largest garment and textile exporter to Japan and South Korea after China.
After the signing of the Vietnam-Eurasian Economics Union (EEU) free-trade agreement, Vietnam can increase the export value of garment products to the EEU by 50 per cent in the first year and 20 per cent annually in the following years. In the coming three to five years, Vietnam expects to be one of the top five garment exporters to the EEU.
The value of Vietnam's textile and garment exports reached 12.18 billion dollars in the first six months of this year.