Garment exports up 18% in two months

14:36 | 16/03/2015

VGP – Viet Nam earned US$3.4 billion from exporting apparels in the first two months of 2015, up nearly 18% against the same period last year, according to the recent statistics from the Ministry of Industry and Trade.

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The sector sets the goal to achieve an export turnover of US$28-28.4 billion in 2015, up around 16% compared to the previous year.

The US, Japan and the Republic of Korea are the three largest importers of Viet Nam’s garment.

Apparel exports to the US are expected to reach US$11 billion this year, attaining a growth rate of 13%.

When the EU-Viet Nam Free Trade Agreement is signed, tariff reduction, from 12% to 0%, will facilitate Viet Nam’s apparel exports to the EU.

Viet Nam exported 36,000 tons of cashews, gaining US$261 million over the past two months of 2015, up 14.2% in volume and up 36.8% in value compared to the same period in 2014, according to the Ministry of Agriculture and Rural Development.

In February alone, 13,000 tons of cashews were sold abroad, worth US$100 million.

The US, China, and the Netherlands are the largest cashew importers of Viet Nam, accounting for 27.8%, 24.24% and 8.06%, respectively.

By Thuy Dung