Vietnam’s textile and apparel exports reach nearly 100 million U.S. dollars

According to Vietnam’s “Economic Times” report, the Vietnam Textile and Apparel Association (Vitas) stated that Vietnam’s textile and apparel exports were nearly US$1 billion in July, an increase of nearly US$20 million from the previous month. The cumulative exports in the first seven months were US$5.8 billion, a year-on-year increase of 17%. Among them, exports to the United States increased by 23%; exports to Japan increased by 15%; exports to ASEAN increased by 30%. Exports to South Korea had the largest increase, with a year-on-year increase of more than 80%. Exports to Europe experienced the smallest growth, with a year-on-year growth of only 1.5%. Vitas predicts that Vietnam is expected to achieve its export target of US$10.5 billion in 2010, a year-on-year increase of 13%.