Vietnam is projecting to clock US $ 45.70 billion export turnover in garment and textile sector during 2022, as stated by the General Department of Vietnam Customs.
As of mid-July, garment and textile was one of the four sectors posting the highest export revenue, with a record of US $ 20.40 billion, up 19.70 per cent year-on-year.
Garment and textile industry was also amongst the six groups whose export value increased by over US $ 1 billion, according to the authority.
The customs further added that around 14,000 businesses are operating in the sector, with combined capital of over US $ 46 billion, employing about 200,000 labourers.
Vietnamese garment and textile products are shipped to 55 countries and territories worldwide, including 17 markets with a turnover of more than US $ 100 million each.
Earlier, the Vietnam Textile & Apparel Association said textile and garment producers target to earn up to US $ 21 billion from exports in the second half of 2022, raising total shipments of the year to around US $ 42-43 billion.