The Financial Express

Vietnam's garment export rises 15pc in five months

| Updated: June 08, 2021 13:33:59

File photo, (Collected) File photo, (Collected)

Vietnam raked in over 12.2 billion US dollars from exporting textile and garment between January and May, up 15 per cent against the same period last year, according to the country's General Statistics Office on Thursday.

In May alone, Vietnam's textile and garment exports rose 35.1 per cent year on year to around 2.6 billion US dollars, reports Xinhua.

Over the five-month period, markets including the United States, the European Union, and Japan were still key importers of Vietnam's textile and garment.

However, higher prices of input materials are lowering the profit earned by local firms from exporting textile and garment, said the Vietnam Textile and Apparel Association.

In 2020, Vietnam recorded an export turnover of 29.5 billion US dollars from textile and garment products, down 10.2 per cent from 2019, according to the General Statistic Office.

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