Home / Knowledge / News / Apparel/Garments / Garments become Vietnam's top export item
Garments become Vietnam's top export item
Apr '12
Apparel and textile exports have become the biggest foreign exchange earner for Vietnam.

As per the data released by the General Statistics Office, registering a year-on-year rise of 15.4 percent, Vietnam's garment and textile exports were worth US$ 3.23 billion during the first quarter of the current year, making them the country's largest export earner.

During the month of March itself, textile and garments worth US$ 1.15 billion were shipped from the country.

According to the Office, the country's clothing and textiles export growth is quite impressive, particularly when the export markets are contracting due to global economic crisis.

As stated by the Vietnam Textile and Apparel Association (Vitas), the country achieved a steady growth in textile and clothing item exports to traditional markets like the US and Japan during the first quarter of the current year.

With around 52 percent share in Vietnam's overall textile and garment exports, US remained the leading destination for Vietnam's exports during the quarter.

Vitas expects exports to the US to remain positive in the coming months, as unemployment figures in that market are reducing, which is a sign of economic revival.

Vietnam's clothing and textile exports to Japan increased by over 30 percent year-on-year during January-March quarter, as Vietnamese exporters continue to gain from the duty reduction earned under the Vietnam-Japan Economic Partnership Agreement inked in 2009.

In spite of the positive growth achieved by the country's garment and textile sectors, Vitas is worried about the slow moving exports to the EU markets due to eurozone crisis. Though exports to the EU grew by 3.5 percent year-on-year during first quarter, they were far below the last year's growth rate of 33 percent.

In order to offset the export loss to the EU, the Vietnamese exporters are now accelerating their exports to other markets like Russia, Chile, South Korea, Brazil and New Zealand.

Persuaded by the tax reduction benefits available under the ASEAN-South Korea Free Trade Agreement, Vietnamese textile and garment exports to South Korea posted an impressive 55 percent y-o-y growth during the three-month period.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Jay Ramrakhiani
Occasions Elegance Wear

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

Sanjukta Dutta
Sanjukta's Studio

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

April 2017

April 2017

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


Browse Our Archives


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