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Vietnam lately left behind South Korea to show the world’s sixth largest fibre and yarn exporter after exporting $2.37 billion price of such gadgets within the first 5 months this 12 months. The income elevated by 10 per cent from a 12 months earlier, in keeping with the Vietnam Cotton and Spinning Affiliation (VCOSA). China accounted for practically 60 per cent of Vietnam’s textile-garment exports.
In the meantime, the nation exported textiles, clothes, fibre, yarn and material price $18.73 billion through the interval—an increase of 20.81 per cent 12 months on 12 months. That features $14.99 billion in textiles-garments exports (up by 22.2 per cent), $376.8 million in geotextiles (up by 27 per cent) and $979.8 million in supplies (up by 19.2 per cent).
Vietnam has left behind South Korea to show the world’s sixth largest fibre and yarn exporter after exporting $2.37 billion price of such gadgets within the first 5 months this 12 months. The income rose by 10 per cent from a 12 months earlier, in keeping with the Vietnam Cotton and Spinning Affiliation. China accounted for practically 60 per cent of its textile-garment exports
The USA and Europe decreasing shipments from China has supplied Vietnam scope to develop its market share, in keeping with a Vietnamese media report.
Vietnam’s financial integration with the world, particularly signing of free commerce agreements, additionally gives sufficient scope for breakthrough developments within the fibre and yarn segments.
Fibre2Fashion Information Desk (DS)
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