Home / Knowledge / News / Apparel/Garments / Vietnam exports garment accessories for first time in 2013
Vietnam exports garment accessories for first time in 2013
20
Jan '14
After decades of relying on imports for garment accessories, Vietnam has for the first time exported garment accessories in 2013, reports vov.vn.
 
Vietnam exported garment accessories worth US$ 700 million last year, according to the Vietnam Textile and Garment Group (Vinatex).
 
This shows that the domestic accessories industry is finally making its mark and enabling garment makers to stop relying on costly material purchases from other countries like Bangladesh, China and South Korea.
 
For example, the share of domestically made materials in products of Garment 10 Company has increased from 30-40 percent few years ago to about 60 percent at present.
 
Vietnam’s earnings from garment exports are likely to cross $20 billion very soon, especially once the Trans-Pacific Partnership (TPP) is successfully negotiated.
 
However, the availability of locally made materials is relatively modest and raising its share is important for Vietnam to take full advantage of the TPP.
 
The 12 countries negotiating the TPP agreement are the US, Canada, Mexico, Japan, Chile, Peru, Malaysia, Singapore, Brunei, Vietnam, Australia, and New Zealand. These countries spread across three continents account for about 40 percent of global GDP and about 30 percent of international trade.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 3rd May 2016

‘TFA for faster clearances of trade process’

Commerce and Industry Minister Nirmala Sitharaman has said that Trade ...

Textiles | On 3rd May 2016

FCIPT announces technology to make clothes stain proof

There is finally help for housewives, working women and even men...

Textiles | On 3rd May 2016

China’s cotton reserve sales begin May 3

China’s cotton reserve sales which begins tomorrow, are likely to...

Interviews View All

Akshay Narvekar
Bombay Shirt Company

Kiosk marketing is a good means of marketing in the Indian apparel market. ...

Jeff Dixon
Navis Global

What is the most challenging aspect of textile finishing machinery...

Magdalena Kondej
Euromonitor International

Which are the most emerging markets and the most saturated markets in the...

Steve Cole
Xerium Technologies

<b><i>Steve Cole of Xerium Technologies discusses the industry. Xerium is...

Carlos Richer
Richer Investment

Mr. Carlos Richer is the Director of Richer Investment, Diaper Consulting...

A. B. Telasang
Gherzi Eastern Limited

A. B. Telasang ,M-Tech in Textiles from VJTI Mumbai has 11 years of rich...

Jay Ramrakhiani
Occasions Elegance Wear

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search