Home / Knowledge / News / Apparel/Garments / Vietnam garment export growth will be lower in 2014: VITAS
Vietnam garment export growth will be lower in 2014: VITAS
Jan '14
The growth of garment exports from Vietnam is expected to be lower this year, according to the Vietnam Textile and Apparel Association (VITAS).
Vietnam garment industry is facing problems like rising labour costs, heavy dependence on imported raw materials, and intense competition from low-priced products from other countries, and hence the export growth is likely to be only around 12 percent this year, compared to the 18 percent growth registered in 2013, VITAS chairman Pham Xuan Hong said, reports Thanh Nien News.
Mr. Hong said Vietnam garment sector is facing fierce competition from countries like Bangladesh which offer products at lower costs due to their lower labour costs.
Moreover, Bangladesh produces more raw materials for the garment industry than Vietnam, which also helps the South Asian nation remain more competitive, he added.
Vietnam heavily relies on other countries, particularly China, for its raw material, so any delay in delivery by foreign suppliers affects garment production. As a result, sometimes, garment exporters also miss their export schedule, affecting their prestige and even losing customers.
However, it is not easy to reduce dependence on import of raw material, as several textile and dyeing businesses were refused licenses because authorities are afraid of environment pollution, said Le Quang Hung, chairman of the Saigon Garment Production and Commerce JSC.
Another expert was of the opinion that Vietnam garment sector is facing competition from Cambodia, too, as the country enjoys duty-free facility for exports to the US, while Vietnamese clothing are subject to an export tax of around 17 percent.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eamonn Tighe
Nature Works LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Suresh Patel
Sidwin Fabric

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search