Home / Knowledge / News / Apparel/Garments / Good prospects for Vietnamese apparels in US
Good prospects for Vietnamese apparels in US
01
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


Must ReadView All

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Alessandro Zucchi; Courtesy: ACIMIT

Textiles | On 29th Jun 2017

Alessandro Zucchi succeeds Carabelli as ACIMIT president

The members’ assembly of the Association of Italian Machinery...

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Luke Otten
Wigwam Mills Inc

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

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Paolo Ocleppo
Sandvik Hyperion

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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:
July 2017

July 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