Vietnam becomes EU’s eighth largest textile provider
Vietnam is now the eighth largest supplier of garment and textile products to the European Union, according to the Ministry of Industry and Trade (MoIT).
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The MoIT’s Industry and Trade Information Centre said textile and garment exports to the EU saw high growths in the past months, making up 18 per cent of the sector’s total export revenues in the first nine months of this year.
Eurostat statistics show Vietnam’s share in the EU textile and garment market has increased from 2 per cent in the first five months of 2010 to 2.2 per cent in the January-May period in 2011.
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