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

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Pranav Mishra

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

Ritu Kumar
Label Ritu Kumar

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search