Vietnam’s textile exports will reach 100 million U.S. dollars

According to Vietnam’s “Industry” magazine, Vietnam’s textile exports are expected to reach US$9.5 billion in 2008, a year-on-year increase of 21.8%. The United States remains Vietnam’s largest export market, with annual exports of approximately US$5.5 billion, followed by the European Union and Japan, accounting for 15% and 10% of total exports respectively. According to the plan formulated by the Ministry of Industry and Trade of Vietnam, Vietnam’s textile exports will reach US$11.5 billion in 2009 and US$14.8 billion in 2010, with an average annual growth rate of 21%.