Analyst Pin-board Growth Opportunity for Textile & Garment Companies
According to the General Statistical Office (GSO), the export turnover of the textile & garment industry for the first eight months of 2018 is estimated at USD 19,4 bn, an increase of 14,9% compared to the same period last year. Major export markets recorded remarkable growth rate such as the US (+10,4%), Japan (+21,9%), South Korea (+17,7%) and ASEAN (+33,9%). Besides, Vietnamese companies are promoting their exports to new market in China with a growth rate of 43.1% in the first eight months. It is expected that by the end of 2018, the export turnover to China will reach over USD 2 bn.
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