Garment and textile exports target set at US$ 34 billion in 2018

12/5/2017 - 3:02:55 PM

Vietnam’s garment and textile industry has set the target of earning US$34 billion in export turnover in 2018, heard a conference held in Hanoi, on December 2, to review the industry’s operations in 2017.

According to Vice chairman of Vietnam Textile and Apparel Association (Vitas) Truong Van Can, the industry has faced a number of challenges in 2017, which were partly posed by the delay in the ratification of the Trans-Pacific Partnership (TPP).

However, since the second quarter of this year, the industry has strived to overcome these difficulties and to approach the export target of US$31 billion set for this year, an increase of 20.23% against the same period last year.

Of which, the export turnovers of textile and garment products reaped in US$25.91 billion, up 8.7% annually, while the export of fibres is estimated at US$ 3.51 billion, an increase of 19.93% compared to the same period last year.

The export turnover of the sector in the last two months of this year is predicted to stand at US$ 5.27 billion.

In addition to major export markets, such as the US, the EU, Japan and the Republic of Korea, the sector also enjoyed fruitful export growth in other markets, including China, Russia and Cambodia.

Source: NDO

Hoa Binh’s economy expands 12.67% in Q1

Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.

Lac Thuy district advances agriculture in tandem with new-style countryside development

With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.

“A 4.0-Era Farmer Championing Green Agriculture”

In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.

Rich and Flavorful Honey of Dao Village

Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.

Lac Thuy district prioritises resources for industrial, handicraft development

In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.

Phu Thanh implements organic practices in tea production

Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.