Taking advantage of the large potential of the CPTPP market Quang Ngai Customs achieves revenue target thanks to major commodities Ensuring global trade security requires cooperation, exchange and processing of information before the goods arrive

Garment, textile export fetches nearly 8.7 billion USD in Q1

19:53 | 05/04/2019 Import-Export Follow english.haiquanonline.com.vn on
The Vietnam Textile and Apparel Association (Vinatex) has reported that total export earnings of the garment and textile sector in the first quarter reached nearly 8.7 billion USD, up 11.31 percent over the same period last year.
garment textile export fetches nearly 87 billion usd in q1

Illustrative image (Source: VNA)

The US remained the biggest market of the sector with turnover of more than 3.4 billion USD, followed by the EU with over 1.4 billion USD, Japan with 964 million USD, China, 936 million USD, and the Republic of Korea, 874 million USD.

In the past three months, Vinatex, the country’s largest textile company made a revenue of over 10.6 trillion VND, with exports reaching 594 million USD.

The firm’s pre-tax profit was 280 billion VND, making up 16.2 percent of its yearly target and representing a rise of 24.4 percent against the same period last year.

Source: VNA
Tags:
garment textile Textile and Apparel Association Vinatex

Related News

Textile and garment industry perseveres in overcoming difficulties and seizing opportunities from the market

Textile and garment industry perseveres in overcoming difficulties and seizing opportunities from the market

08:59 | 20/09/2024 Import-Export

VCN - In recent months, Vietnam's textile and garment exports have witnessed a strong recovery. However, along with opportunities, this top export industry in the country is facing many challenges from new, strict market requirements.
Imported raw marterials and fuel rise rapidly

Imported raw marterials and fuel rise rapidly

09:41 | 01/08/2024 Import-Export

VCN - Raw materials of textile and garment or fuel like petroleum, coals were imported sharply in the first six months of 2024, according to General Department of Vietnam Customs.
The textile market recovered, businesses accelerated

The textile market recovered, businesses accelerated

14:09 | 31/05/2024 Import-Export

VCN - Many textile and garment enterprises have proactively sought orders for at least the first six months of the year, even enough production orders until the end of August and September 2024.
Multi-dimensional picture of textile and garment enterprises

Multi-dimensional picture of textile and garment enterprises

15:00 | 21/05/2024 Import-Export

VCN - Despite a quite positive start in the first quarter of 2024, the textile and garment industry has still faced many challenges from new requirements of importing countries, requiring enterprises to have proactive solutions to respond.

Latest News

Taking advantage of the large potential of the CPTPP market

Taking advantage of the large potential of the CPTPP market

10:30 | 18/10/2024 Import-Export

VCN - Vietnamese enterprises can take advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and strategic gateways such as Canada, Mexico, Chile, and Peru to expand exports.
US issues final determination on Vietnamese aluminum anti-dumping probe

US issues final determination on Vietnamese aluminum anti-dumping probe

14:16 | 17/10/2024 Import-Export

The US Department of Commerce (DOC) recently issued its final determination on its anti-dumping investigation into aluminum extrusions and aluminum products originated from Vietnam, according to the Ministry of Industry and Trade's Trade Remedies Authority of Vietnam.
Problems with seafood materials will be reviewed and resolved after the EC inspection

Problems with seafood materials will be reviewed and resolved after the EC inspection

13:52 | 17/10/2024 Import-Export

VCN - The regulation "Do not mix imported seafood materials with domestically exploited seafood materials in the same export shipment" causes difficulties for enterprises, the authorities said that they would review after the 5th inspection by the European Commission.
Ho Chi Minh City: Enterprises have abundant export orders

Ho Chi Minh City: Enterprises have abundant export orders

07:41 | 16/10/2024 Import-Export

VCN - According to a survey by the Ho Chi Minh City Business Association (Huba), the production and business situation of enterprises in the area is showing positive signs. Export orders of enterprises have been re-established. Most enterprises have enough orders from now until the end of the year, some enterprises even have orders for early next year.

More News

Shrimp exports bring home nearly 2.8 billion USD in nine months

Shrimp exports bring home nearly 2.8 billion USD in nine months

13:49 | 15/10/2024 Import-Export

Vietnam's shrimp export turnover is estimated at nearly 2.8 billion USD in the first nine months of this year – the highest among aquatic products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Import and export potential growth promised to be vibrant in 6 end- year months, many industries welcome opportunities

Import and export potential growth promised to be vibrant in 6 end- year months, many industries welcome opportunities

09:30 | 15/10/2024 Import-Export

VCN- According to Yuanta Securities Company, from now until the end of the year, Vietnam's import and export enjoys many favorable macro factors to recover and accelerate. Many industries will benefit from this momentum such as rubber, textiles, seafood, seascapes, etc.
Seafood exports soar to new heights in the third quarter

Seafood exports soar to new heights in the third quarter

09:29 | 15/10/2024 Import-Export

VCN - Seafood exports in the third quarter of this year reached US$2.76 billion, up nearly 13% over the same period last year. This is a peak after 4 years of disruption due to the Covid-19 pandemic.
Understand businesses and markets to expand cooperation opportunities with the United States

Understand businesses and markets to expand cooperation opportunities with the United States

09:29 | 15/10/2024 Import-Export

VCN - The demand for shifting supply chains of US corporations is huge. Understanding the needs, standards and working methods of corporations will help Vietnamese enterprises have the opportunity to gain a larger market share in this wave.
Linkage - the "key" to sustainable development of agricultural value chains

Linkage - the "key" to sustainable development of agricultural value chains

09:15 | 14/10/2024 Import-Export

VCN - Promoting sustainable and effective development of agricultural value chains is a core factor in restructuring Vietnam's agricultural sector and the key to optimize the value of Vietnam's agricultural exports.
Supporting industry enterprises: Learning standards, understanding opportunities

Supporting industry enterprises: Learning standards, understanding opportunities

09:46 | 13/10/2024 Import-Export

VCN - Currently, many potential industries have "opened" opportunities for Vietnamese enterprises to enter, such as the semiconductor industry, supporting industries for the aviation sector. However, the higher the added value of the sector, the more it requires enterprises to meet international standards.
Vietnam’s distinctive agricultural exports to China exhibited in Hanoi

Vietnam’s distinctive agricultural exports to China exhibited in Hanoi

00:00 | 13/10/2024 Import-Export

An exhibition showcasing Vietnam’s distinctive farm produce exported to China opened in Hanoi on October 13, featuring the participation of 16 local enterprises and introducing over 50 categories of high-quality products from across the three regions of the country.
100 most valuable Vietnamese brands on the limelight

100 most valuable Vietnamese brands on the limelight

18:55 | 12/10/2024 Import-Export

This year’s Brand Finance Vietnam 100 Report was also released to provide a comprehensive picture of the valuations.
Need to quickly act to catch up with the "green" trend

Need to quickly act to catch up with the "green" trend

10:59 | 12/10/2024 Import-Export

VCN - With the movement from the global level to Vietnam's main markets, as well as the strong commitment of the Vietnamese Government, the trend of "compulsory green/sustainable transformation" has become clear to Vietnamese businesses instead of voluntary as before. However, the level of readiness of businesses is not high.
Read More

Your care

Latest Most read
Taking advantage of the large potential of the CPTPP market

Taking advantage of the large potential of the CPTPP market

10:30 | 18/10/2024 Import-Export

VCN - According to statistics from the General Department of Customs, the total import and export turnover between Vietnam and CPTPP countries in the Americas recorded an impressive growth of 56.3% in the period 2018-2023.
US issues final determination on Vietnamese aluminum anti-dumping probe

US issues final determination on Vietnamese aluminum anti-dumping probe

14:16 | 17/10/2024 Import-Export

The US Department of Commerce (DOC) recently issued its final determination on its anti-dumping investigation into aluminum extrusions and aluminum products originated from Vietnam, according to the Ministry of Industry and Trade's Trade Remedies Authority of Vietnam.
Problems with seafood materials will be reviewed and resolved after the EC inspection

Problems with seafood materials will be reviewed and resolved after the EC inspection

13:52 | 17/10/2024 Import-Export

The regulation "Do not mix imported seafood materials with domestically exploited seafood materials in the same export shipment" causes difficulties for enterprises, the authorities said that they would review after the 5th inspection by the European Comm
Ho Chi Minh City: Enterprises have abundant export orders

Ho Chi Minh City: Enterprises have abundant export orders

07:41 | 16/10/2024 Import-Export

VCN - Although production orders are increasing, businesses say there are still many challenges ahead, such as labor shortages; high input and transportation costs; strict requirements from customers, etc.
Shrimp exports bring home nearly 2.8 billion USD in nine months

Shrimp exports bring home nearly 2.8 billion USD in nine months

13:49 | 15/10/2024 Import-Export

Vietnam's shrimp export turnover is estimated at nearly 2.8 billion USD in the first nine months of this year – the highest among aquatic products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Mobile Version