Home / Knowledge / News / Apparel/Garments / Huge potential for Vietnamese clothing exports to Russia
Huge potential for Vietnamese clothing exports to Russia
30
Nov '13
There is huge potential for increasing Vietnamese clothing exports to Russia, the Vietnam National Textile and Garment Group (Vinatex) said on its website.
 
Russia has the 5th largest economy in the world, and with a population of nearly 143 million people, the country provides a big opportunity for Vietnamese garments, according to Vinatex.
 
In 2012, Russia’s GDP reached US$ 2,015 billion, resulting in per capita income of US$ 12,000 per year, making it the most promising market for Vietnamese textiles in the Nordic region.
 
From January to August 2013, Vietnamese textile and apparel exports to Russia increased by 5.48 percent year-on-year. The exports mainly consisted of jackets, children’s clothing, shirts, T-shirts, trousers, shorts, skirts, etc.
 
Kidswear exports from Vietnam to Russia increased at a faster pace and accounted for 11.8 percent of Vietnam’s total textile and apparel exports to the Russian market during the eight-month period.
 
To further tap the Russian market, Vietnamese export firms would have to do thorough market research to determine the potential and develop long-term cooperation with Russian buyers through regular contact.
 
Vietnamese textile and garment enterprises entering the Russian market would also have to face more intense competition in quality and price. 
 
In recent years, young people in Russia have started the habit of spending more money for their shopping. High quality clothing with beautiful designs are usually preferred and consumed more quickly, and low quality, low priced products are not liked anymore in Russia.
 
Hence, businesses must ensure good quality, innovative designs, and registered trademarks to compete with the prestigious items that are already available in the Russian market, Vinatex said.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Apparel/Garments | On 20th Jan 2017

Fashion etailer Fynd to offer Yepme product offerings

Online fashion retailer Fynd has signed a partnership with Yepme,...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Amit Jain
Shingora Textiles Ltd

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

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

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

Eamonn Tighe
Nature Works LLC

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

Mike Hoffman
Gildan Activewear SRL

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search