Home / Knowledge / News / Apparel/Garments / Vietnamese garment sector strives to meet export target
Vietnamese garment sector strives to meet export target
12
Oct '12
The apparel and textile industry in Vietnam is toiling hard to achieve the US$ 18 billion export target set for the current year.
 
During the first three quarters of 2012, Vietnam has only been able to export garments and textiles worth a little over US$ 10 billion, owing to a fall in demand from key markets, according to Vietnam Textile and Apparel Association (VITAS). 
 
To boost Vietnam’s clothing and textile exports, the Ministry of Industry and Trade is conducting several trade promotion programmes in Thailand, Hong Kong and Malaysia, which are expected to prove beneficial to firms exporting high value-added shirts, suits and luxury pants.
 
In addition, VITAS is also gearing up to set up distribution chains for companies and it would also help them develop brand names.
 
Meanwhile, Vietnam National Textile and Garment Group (Vinatex) has also enhanced its exports to the Middle East, Turkey, China and Africa, and is also looking for new trade partners in Canada and South Korea.
 
Vietnamese textile entrepreneurs are modernizing factories to facilitate production of quality fabrics and items with high export profit margins, VITAS said.
 
To reduce polyester imports, Vietnamese textile industry has been producing its own polyester fabric, and is expected to be able to cater to 80 percent of the domestic requirements on its own by 2015, VITAS added.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Nine West

Fashion | On 17th Jun 2018

ABG wins bid in Nine West Holdings auction

Authentic Brands Group (ABG), owner of a global portfolio of...

Courtesy: Kreussler

Textiles | On 17th Jun 2018

USDA certifies Kreussler's solvent as biobased

The US Department of Agriculture (USDA) has certified Kreussler's...

Courtesy: ITUC

Textiles | On 17th Jun 2018

Democratic space shrink & corporate greed are rising: ITUC

Shrinking democratic space for working people and unchecked corporate ...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search