Vietnam rakes in 9.2 bln USD from garment, textile export in first 10 months

Vietnam brought in 9.2 billion U.S. dollars from garment and textile export in the first 10 months of this year, up 23 percent year on year, said a report of the General Statistics Office on Friday.

The country's sales of garment and textile to the world markets in October alone reached 1.1 billion U.S. dollars, said the office.

Under the progress, Vietnam's textile and garment exports is estimated to earn 11 billion U.S dollars by the end of this year, surpassing the set target by 500 million U.S dollars.

Major markets for Vietnam's garment and textile products include the United States, the European Union, Japan, and Russia from January to October.

The United States continued to be the biggest market, accounting for about 50 percent of Vietnam's textile and garment export value.

According to Vietnam Textile and Apparel Association (VITAS), many Italian companies want to invest in Vietnam's weaving and dyeing sectors, which could create new opportunities for Vietnamese companies to broaden export markets in the future.

Vietnam is set to earn 19 billion U.S dollars from exporting textile and garment in the year 2020, according to VITAS.

Last year, Vietnam raked in 9.1 billion U.S. dollars from garment and textile exports, according to the office. (PNA/Xinhua) LOR/ebp