Vietnam'S Clothing Exports May Increase By 20.5%

In 2011, Vietnam? Exports of clothing and textiles could reach $13 billion 500 million, up 20.5% from 2010, according to the latest forecast of the Ministry of industry and trade of Vietnam.

As the seventh largest garment in the world Exit In the first half of this year, Vietnam gained about $6 billion 200 million in textile and clothing exports, up by about 30% over the first half of this year, the highest growth rate in the past four years.

The United States is still Vietnam. clothing And the largest importer of textiles, accounting for 51% of Vietnam's clothing and textile exports. The EU is the second largest export market for clothing and textiles in Vietnam, accounting for 17% of the total, while Japan accounts for third, accounting for 12% of the market share.

Vietnam's Ministry of trade and industry said that in the future, the United States, the European Union and Japan will continue to be the main consumers of Vietnam. Some other markets, including South Korea, Russia, Canada and Turkey, have the prospect of consuming Vietnam's clothing and textiles.

Vietnam's Ministry of trade and industry predicts that Vietnam's clothing exports to Korea will reach $774 million this year, up 80% over the same period last year. Exports to the Canadian market are expected to rise to $270 million, about two times the figure in 2006.