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

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Victor Chao
Esmetex

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

Hannah Lane
Redress

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 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



X