HANOI: Vietnam's garment-textile export value was expected to reach US$44 billion in 2024, marking an 11.26 per cent increase from 2023, local media reported.
The country's garment-textile import turnover was anticipated to reach $25 billion, up 14.79 per cent, resulting in a trade surplus of $19 billion, up 6.93 per cent compared to the previous year, according to the Vietnam Textile and Apparel Association.
Vu Duc Giang, the association's chairman, said many companies were experiencing growth in orders for both 2024 and 2025.
Despite ongoing global complexities, fluctuating shipping costs, slow trade recovery and reduced global investment, Vietnam's garment-textile industry has managed to maintain strong growth, he said.
The industry hopes to generate over $48 billion in export revenue in 2025, he said. - Xinhua
