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

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

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

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:
April 2017

April 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