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

Apparel/Garments | On 28th Jul 2017

DuPont launches new stretchable electronic inks, films

DuPont Advanced Materials has announced availability of its newest...

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Rahuul Jashnani
Jashn

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

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

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 ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X