Vietnam is expected to see year-on- year rise of 13-15 percent in textile and garment export revenues to the European Union (EU) in 2007, local newspaper Investment reported Friday.
The country is strengthening trade promotion, increasing the products' quality, improving capacity of design, marketing and management, and intensifying information technology application into production and sales, said the Vietnam Textile and Apparel Association.
Vietnam is estimated to earn 1.3 billion U.S. dollars from exporting textiles and garments to the EU in 2006.
The country exported the products worth 1.2 billion dollars to the block in the first 11 months of this year, surging 45 percent over the same period last year, said the association.
Vietnam is estimated to reap some 5.5 billion dollars from exporting garments and textiles, mainly to the EU and the United States in 2006, up 14.6 percent against 2005. It made garment export turnovers of 5.4 billion dollars in the first 11 months of this year, a year-on-year surge of 25.1 percent, according to Vietnam's General Statistics Office.
