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: 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...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Amit Jain
Shingora Textiles Ltd

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

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

Judy Frater
Somaiya Kala Vidya

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

Igor Chapurin
Chapurin

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

Wendell Rodricks
Wendell Rodricks

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

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