2024 garment & textile exports expected at $44bln

Vietnam’s garment and textile industry targets posting export revenue of $44 billion this year, for a 9 per cent increase compared to 2023.

Figures from the General Statistics Office show that the sector recorded export value of $5.2 billion in the opening two months of the year, a year-on-year rise of 15 per cent.

Garments and textiles also ranked fourth among products with the highest export turnover.

Export value last year stood at $40.3 billion, down 9.2 per cent against 2022.

Apart from traditional markets, Vietnam has exported garment and textile products to Canada, China, the UK, Australia, Russia, Thailand, and India.