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Good prospects for Vietnamese apparels in US
Sep '12
Prospects for Vietnamese textiles and garment businesses in the US, and modes of penetrating into that market, were the key points of discussion at a conference organized by the Trade Promotions Department under the Ministry of Industry and Trade (MOIT) in Ho Chi Minh (HCM) City.
Speaking at the conference, Nguyen Duy Khien, Director of the American Markets Department at the MOIT said Vietnamese textiles and garments happen to be quite cheaper than those produced in the US.
This is where Vietnamese firms can benefit the most in the US, as majority of the businesses in the US have a tendency to focus on high-tech products and often outsource their production to other countries, he said.
Director of the Export Support Centre at the Trade Promotions Department, Le Xuan Duong said Vietnamese products have good prospects in the US market, as demand for Vietnamese items from the vast Vietnamese community in the US remains high.
Presently, around 1.3 million Vietnamese live in the US, making them the fourth largest foreign community residing in the US.
Trade analysts at the conference stressed that exporters should upgrade their designs and packaging to cut transportation costs, and should even make use of online services to reach overseas markets in a more efficient and cost effective way.

Fibre2fashion News Desk - India

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