Home / Knowledge / News / Apparel/Garments / Apparel export firms must boost quality, find new markets – Experts
Apparel export firms must boost quality, find new markets – Experts
Sep '11
Vietnamese apparel export firms should explore new export destinations and enhance the quality of their products to boost their exports, experts have said.

Vietnam's apparel exports registered positive growth during the initial eight months of the current year amounting to US$ 8.95 billion, up 29.2 percent year-on-year.

However, experts state that the prevailing high interest rates and problems in obtaining loans from banks impede the growth of domestic businesses.

They add that in the present situation the businesses should explore newer markets, particularly in western, southern and eastern Asia, Latin America and Middle East.

Further, the firms should even draw benefit from the free trade agreements and preferential levies under the ASEAN Free Trade Area (FTA) to increase exports, particularly to Japan and China.

They advise the businesses to enhance market research and projected estimations so they can produce items that meet the consumer demand by enhancing the quality of their products.

For the purpose, the domestic firms, in spite of financial constraints should raise investments for promoting trade events to showcase their goods before other countries.

They reveal that in order to trim down raw product exports and boost exports of value-added goods, the Ministry of Industry and Trade (MIT) had framed an export policy until 2020.

In the past, Vietnam tried to boost its exports at all costs. Presently, there should be a change in the strategy and the country should look forward to ship value-added or advanced processed products, they opine.

They urged the Government to introduce a long-term, steady macro-economic policy and an appropriate foreign exchange policy to help the domestic garment exporters.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Indonesian garment exports to remain stable in 2017: API

Garment exports from Indonesia are likely to remain stable this year...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

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

Urs Stalder
Sanitized AG

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search