Experts say that most investors will prefer to invest in garments rather than in textile and dyeing this year. .
According to the Vietnam Textile and Apparel Association (Vitas), the
sector reached US$11.7 billion in export turnover in 2010, US$6 billion
of which was from the US market, up 22 percent compared to 2009.
Despite a number of difficulties, garment and textile exports still grew
by 14 percent in the EU market to hit US$1.8 billion and the market
shares also saw a slight increase of 2.02 percent. .
Vietnam’s garment and textile exports to Japan reached US$1.2 billion in
2010, an increase of 20 percent over 2009. This was the first time
garment exports has hit more than US$1 billion. Currently, Vietnam
accounts for 2.5 percent of the total global garment market share.
Date:1/5/2011
Source:Reuters