According to Vietnam’s “Export” magazine, Vietnam’s textile department recently proposed an export target for 2009, that is, exporting textiles for the whole year at US$9.2-9.5 billion.
According to reports, Vietnam’s textile exports in 2008 were US$9.1 billion, a year-on-year increase of 18%. Affected by the global financial crisis in 2009, and with the United States canceling its textile export quota restrictions on China from January 1, 2009, Vietnam’s textile exports will face competitive pressure from China. It will strive to increase textile exports by 5% throughout the year. amounted to US$9.2-9.5 billion.
