Home / Knowledge / News / Apparel/Garments / Vietnamese garment exports to Korea to surge this year
Vietnamese garment exports to Korea to surge this year
09
Feb '12
Vietnamese garment and textile exports are expected to rise significantly and cross the US$ 1 billion mark this year.

This will make South Korea the fourth biggest export destination for Vietnamese garments and textiles, next to the US, EU and Japan.

With a year-on-year rise of 145 percent, Vietnam's textile and garment exports to South Korea reached US$ 904 million last year.

While Vietnam's exports to the South Korea are rising robustly, Korean enterprises have also vigorously invested in Vietnamese garment industry, with overall investment adding up to US$ 1.8 billion.

According to experts, besides textiles and garments, Vietnam's footwear exports to South Korea are also likely to grow, as the two countries are soon likely to ink a free trade agreement (FTA).

Since middle of last year, about 100 members of the Vietnam National Textile and Garment Group (Vinatex) have prepared themselves to cash-in on the ASEAN-Korea FTA and the likely FTA between Vietnam and South Korea.

The FTA is expected to boost Vietnam's garment industry and create better atmosphere for the country's businesses to associate with their counterparts in South Korea, who have an edge in technology and materials.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Nitin Bhatia
Trend Arrest

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

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Urs Stalder
Sanitized AG

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

Marcel Alberts
Eurofibers

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

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 ...

Pranav Mishra
Huemn

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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