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Apparel sector earns US$36 bil from exports in 2018

by VTV427 December 2018 Last updated at 10:35 AM

VTV.vn - 2018 was a successful year for the garment and textile industry as its total export turnover reached over 36 billion USD, a year on year increase of over 16%.

As a result, the industry is expected to see a record surplus of 17.86 billion USD, up 14% over the same period last year. Vietnam has surpassed Bangladesh to rank 3rd in international exports for garment and textiles, after China and India. Experts have attributed the revenue surge to the shift of production facilities from China to Vietnam. Foreign investors have also seen better investment opportunities in Vietnam. Vietnam’s big garment and textile companies have set high standards for both product quality and the working environment. 

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