Home / Knowledge / News / Apparel/Garments / Vietnam textile & apparel exports to exceed target in 2011
Vietnam textile & apparel exports to exceed target in 2011
03
Dec '11
Vietnamese textile and apparel exports are likely to exceed the target set for this year, as the country exported goods worth around US$ 12.5 billion till November-end this year. Its exports are estimated to touch US$ 13.8-13.9 billion by year-end, thus surpassing the annual export target set for the year by around US$ 300-400 million and generating a trade surplus of around US$ 6.5 billion, Vietnam Textile and Apparel Association (VITAS) noted.

During the initial 10 months of the current year, Vietnam's textile and apparel exports to key destinations rose significantly. Its exports to South Korea grew by 128 percent, while those to Japan, EU and the US rose by 52 percent, 41 percent and 14 percent, respectively.

Meanwhile, export target for next year has been fixed around 10 to 12 percent higher than this year at US$ 15 billion.

Textile and apparel exports from Vietnam have grown enormously over past few decades. From a mere US$ 0.85 billion worth of exports in 1995, Vietnam's textile and apparel shipments increased to US$ 9.1 billion in 2009. In 2010, it grew to US$ 11.2 billion and this year until November, it has grown to US$ 12.5 billion.

Currently, textile and apparel exports constitute about 17 percent of Vietnam's overall exports, and have become the country's leading export items, replacing the earlier oil and natural gas exports.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search