Nghe An's textile and garment export turnover increased by nearly 18%

Produced at Haivina Kim Lien Garment Company Limited, Nam Dan District. Photo by Thu Huyen

The turnover increased due to increased processing orders, and the number of textile and garment exporting enterprises increased compared to the same period last year (15 enterprises compared to 11 exporting enterprises in the same period in 2017).

Textile and garment enterprises such as Minh Anh Kim Lien Garment Joint Stock Company, Hoang Thi Loan Textile and Garment Joint Stock Company, Prex Vinh Company Limited, Wooin Vina Company Limited are among the enterprises that regularly participate in export activities and achieve a good turnover (over 10 million USD) in the province.

The export turnover of various types of textile fibers and yarns exported by Hoang Thi Loan Textile Joint Stock Company is estimated to increase by 16.6% compared to the same period in 2017 with an estimated export turnover of 23 million USD, reaching 76.6% of the plan due to the increase in the number of orders, along with the increase in unit prices compared to the same period last year.

However, most of the textile and garment accessories such as needles, threads, etc. must be imported from abroad. In the photo: Production at Halotexco Garment Joint Stock Company. Photo: Thu Huyen

Export activities in the first 9 months of 2018 are estimated to have taken place with the participation of more than 146 enterprises in the province. Of these, 43 enterprises achieved a turnover of 1 million USD or more, 23 enterprises achieved a turnover of 3 million USD or more.

According to the Department of Industry and Trade, textiles and garments will continue to increase in the last 3 months of the year, so Nghe An's export plan of 710 million USD is expected to reach 100% of the plan, with a GRDP growth scenario of 9%.