Japan ($3 billion) ranked second, followed by the European Union ($2.9 billion), South Korea ($2.43 billion), Canada ($850 million) and China ($830 million).

Vietnam’s textile-garment products have been exported to a record 104 countries and territories this year, with the United States remaining the biggest importer with a turnover of over $11 billion by the end of September, according to the Vietnam Textile and Apparel Association.
Japan ranked second, followed by the EU, South Korea, Canada and China.

Businesses made efforts to diversify export products with 36 items. Jackets remained the top export earner during the period by earning more than $4.38 billion. Those were followed by trousers (over $3.85 billion) and shirts ($1.87 billion).

Diversifying markets, products, customers and partners is a step towards reducing Vietnam’s reliance on large markets, Giang noted.

The total export value of the country’s textile-garment industry in 2022 had surpassed $44 billion, but this year it is expected to fall by more than 9 per cent to over $40 billion. The estimate is still encouraging keeping in view the global challenges exporters faced this year, according to a news agency report.

Fibre2Fashion News Desk (DS)