Home / Knowledge / News / Apparel/Garments / Garments & textiles exports retain top spot
Garments & textiles exports retain top spot
21
Jul '11
Garments and textiles sector retained the position as Vietnam's largest foreign exchange earner by generating revenue of US$ 6.16 billion during the first six months of the current year.

The country now expects to meet this year's target of US$ 13.5 billion in garments and textiles export by grossing revenue of over US$ 7 billion in the remaining six months. Looking at the past experience, this seems achievable as the second half of a year is usually the major export season for the sector, especially owing to many high-value export contracts.

However, garments and textiles sales in EU and the US, the main countries to which Vietnam exports, are estimated to fall by 30 percent compared to the corresponding period in 2010 owing to economic uncertainties in those countries.

In view of the reduced demand in Vietnam's traditional export markets, the country's garment and textile companies may possibly see a reduction in both volume as well as the number of contracts signed. It may even necessitate a revision in trading and production plans of these companies for the remaining period.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search