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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

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

Sonam & Paras Modi
SVA

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

Mike Hoffman
Gildan Activewear SRL

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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