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Related Keywords: Cambodian garment industry, garment export

Cambodian garment industry reported a 20 percent rise in exports last year, according to the figures of the Ministry of Commerce on Monday. Last year, apparel exports to the United States went up by 7.6 percent to 2.12 billion U.S. dollars, to Europe rose by 28 percent to 2 billion U.S. dollars, and to other countries increased by 32 percent to 1.41 billion U.S. dollars. Cambodia is largest foreign currency earner.

Related Keywords: garment export, Vietnam garment industry

Vietnamese garment exports growth is expected to be lower this year, with the target being only 12 percent, compared to 18 percent last year, according to the Vietnam Textile and Garment Association due to rising labor costs and heavy reliance on imported raw materials.

According to Pham Xuan Hong, the chairman of the association, Vietnam is facing ferocious competition from low-priced products from other countries, including Bangladesh, which offer lower selling prices due to their lower labor costs.