During the six-month span, key export markets of the Vietnamese products were the US (7.21 billion USD, up 3.6% against the same time last year), the EU (1.95 billion USD, up 0.8%), Japan (1.87 billion USD, up 6.8%), and the Republic of Korea (1.36 billion USD, up 1.1%).

Particularly, export revenue in the second quarter rose 11.2% year-on-year to 8.7 billion USD.

Hoa Tho Textile – Garment JSC’s profit after tax during April - June surged 110% to 69 billion VND (2.72 million USD), the largest ever over the past seven quarters. Meanwhile, the figure for the first half was more than 115 billion VND, as compared to only 75 billion USD recorded in the same time last year.

In the same vein, TNG Investment and Trading JSC announced that it bagged 86.3 billion VND in net profit in Q2, and over 129 billion USD in the first half, up 61.6% and 37.7% year-on-year, respectively.

Meanwhile, Thanh Cong Textile Garment – Investment – Trading JSC enjoyed a profit of 147.5 billion VND in the first half, rising 29% against the same period last year.

Other enterprises achieving robust profits included Huu Nghi Garment JSC (25.8 billion VND, up 33%), and Tien Son Thanh Hoa Group JSC (6 billion VND, up 361%).

However, several firms expressed their concern over the possibility of strong devaluation of domestic currencies in some countries to support exports, high shipping fees, as well as rising power cost and financial charges in the coming time.

Besides, an acute shortage of skilled workers is exerting pressure on the sector, which has targeted 44 billion USD in export revenue this year.

Garment industry exports make recovery

Many garment companies have reported 10-15% year-on-year increases in exports in the first quarter and receiving enough orders to last until the third.

Vietnam’s garment sector targets export revenue of 70 billion USD by 2030

Vietnam aims to bring in 70 billion USD in garment export revenue by 2030, according to Truong Van Cam, Vice Chairman of the Vietnam Textile and Apparel Association (Vitas).

Green production critical to sustainable textile, garment export

Textile and garment exports posted a year-on-year increase of 15% in the first two months of 2024, a result partly attributed to the industry’s gradual adaptation to the green production requirement of import markets.

Garment sector eyes 44 billion USD in export this year

The garment and textile sector has set a target of 44 billion USD in export turnover this year, up 10% year-on-year.

Vietnamese textile-garment sector logs record number of export markets

Vietnam's textile and garment products have been exported to 104 countries and territories this year – a record number, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

Source: VNA