Vietnam has gained nearly USD12.1 billion from exporting garments and textiles in the first five months of this year, posting a year-on-year increase of 10.3 percent.

Revenues of the country's garments and textiles exported to the Association of Southeast Asian Nations (ASEAN) soared 31.6 percent, to South Korea up 16.3 percent, to the United States up 9.8 percent, and to Japan up 6.5 percent.

In May alone, the garment and textile export turnovers reached USD2.6 billion, gaining a year-on-year increase of 10.8 percent.

Total export turnovers of the local garment and textile industry may reach USD40 billion this year, forecast the Vietnam Textile and Apparel Association.

Courtesy: MENAFN