Vietnam hopes to clock $45.70 billion export turnover in garment and textile sector during 2022, as stated by the General Department of Vietnam Customs.
As of mid-July, the country posted a 19.70 per cent Y-o-Y rise in garment and textile exports to $20.40 billion.
Its value of garment and textile exports increased by over $1 billion, according to the authority.The customs further added that around 14,000 businesses are operating in the sector, with combined capital of over US $ 46 billion, employing about 200,000 laborers.
Vietnamese garment and textile products are shipped to 55 countries and territories worldwide, including 17 markets with a turnover of more than US $ 100 million each.
Earlier, the Vietnam Textile & Apparel Association said textile and garment producers target to earn up to $21 billion from exports in the second half of 2022, raising total shipments of the year to around US $ 42-43 billion.