|An employee of Hong Kong Textiles Co Ltd at work. Textile and garment export revenue in January hit US$1.05 billion. — VNA/VNS Photo Tran Viet
HA NOI (VNS)— Export revenue of textiles and garments surged 28.4 per cent to US$1.05 billion in the first month of the year, according to the Ministry of Industry and Trade.
The ministry also reported that production of woven fabrics made from synthetic and artificial fibers reached 81.8 million square metres, a 12.9 per cent increase, while clothing for adults also surged 21.6 per cent to 184.8 million units.
Most Vietnamese garment and textile enterprises reported having received orders to the end of the first quarter. A number of large businesses even received orders for the second and third quarters.
The ministry said that this was an optimistic sign for the textile and garment industry and suggested firms invest more in boosting the image of Vietnamese products overseas.
Textile and garment producers should also focus on making their own materials to minimise dependence on imports, the ministry said. Natural fabrics output in January increased 2.2 per cent to 22.1 million square metres.
World demand for garments and textiles is forecast to slightly increase this year to $713 billion.
Viet Nam's textile and garment industry aimed to grow by 12-15 per cent this year and gain export revenue of $18.5-19 billion.
The US is expected to remain Viet Nam's largest textile and garment importer with an import value of $8.5 billion, up 11 per cent against last year.
Exports to Japan and the EU were also estimated to reach $2.4 billion each while shipments to South Korea were expected to surge 15 per cent to $1.5 billion.
In 2012, textile and garment exports reached $15.1 billion, an increase of 7.5 per cent over the previous year. — VNS