Home / Knowledge / News / Apparel/Garments / Vietnam's garment exports set to rise in first half
Vietnam's garment exports set to rise in first half
Jun '12
Vietnam’s garment and textiles export is expected to touch US$ 7.5 billion during the first six months of the current year, which would be a six percent year-on-year rise, according to Vietnam National Textile and Garment Group (Vinatex).

The quantity of apparel exports from Vietnam has increased by 12 percent year-on-year during the first five months of current year, mainly owing to lower prices.

The rise in volume of exports is reflective of the efforts put in by the textile and apparel industry in spite of global economic slump, Vinatex Deputy Director-General, Le Tien Truong, said while addressing an online conference organized by Vinatex in Ha Noi, Da Nang and HCM City.
The drop in prices of textile and garment items resulted from the ongoing declining trend noticed in prices of most of the commodities on world market.
There has also been a drop in prices of raw inputs for production of garments. For example, the price of cotton has currently dropped to around US$ 1.70 per kg from US$ 3.90 per kg towards 2011-end.
While exports to the US continued to grow at a steady rate of 15 percent during the first five months of current year, exports to Japan and South Korea grew at a rate of 23 percent and 26 percent, respectively, Mr. Truong said.
Realizing the potential of the South Korean market, Mr. Truong expressed optimism that Vietnam’s clothing exports to South Korea could increase to US$ 1 billion by year-end.
However, he said the sector’s earnings have been adversely hit by slump in the European market, key importer of Vietnamese textiles and apparels. Usually, around 17 percent of Vietnam’s apparel exports are towards Europe.
Vietnam has set textile and garment export target of US$ 7.5 billion during the first six months of the current year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Nuno Venda

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

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Cindy McNaull

We have broad range of options in durable fabrics

Mark Paterson
Technical Absorbents Ltd

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 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