Home / Knowledge / News / Apparel/Garments / Vietnam's garment & textile exports surge 44.9% in Feb'14
Vietnam's garment & textile exports surge 44.9% in Feb'14
06
Mar '14
The exports of garments and textiles from the Southeast Asian nation of Vietnam surged 44.9 percent year-on-year in February 2014 to reach US$ 1.3 billion, the Ministry of Industry and Trade has reported.
 
In the first two months of the current year, Vietnamese garment and textile exports earned $3.2 billion, showing a year-on-year growth of 30.1 percent.
 
According to the Ministry, several clothing companies have signed export contracts to last them until third quarter of this year.
 
Vietnamese firms are expecting to bag more export orders this year due to economic recovery in developed countries and prospects of the signing of the trans-pacific partnership (TPP) agreement by June this year.
 
Last year, Vietnam’s garment and fabric exports rose by 18.9 percent year-on-year to $17.946 billion. The country also exported fibre worth $2.1 billion during the year, registering a growth of 15.7 percent year-on-year.
 
This year, many companies are investing in Vietnamese textile and clothing sector. For example, the Vietnam Textile and Garment Group (Vinatex) has started construction of Kien Giang Garment Factory, to be completed in two phases, which would create 2,225 new employment opportunities. The project is in accordance with Viantex’s objective to achieve $5 billion export turnover in 2016.
 
In 2014, Vinatex has plans to invest in 57 projects, including 2 on farm cotton, 15 yarn, 8 weaving and 24 garment projects. Of these, weaving and dyeing projects require a large amount of capital, and hence, Vinatex has sought more funds from the Government.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 29th Apr 2016

India’s apparel sector has huge job creation potential

Export-oriented apparel production in India and other South Asian...

Apparel/Garments | On 29th Apr 2016

Raymond’s net sales up 5% in FY16 to Rs 5,595 cr

Renowned Indian textile, apparel and fashion brand, Raymond reported...

Apparel/Garments | On 29th Apr 2016

eBay and Innotrac merge to become Radial

eBay Enterprise and Innotrac have joined forces to become Radial, the ...

Interviews View All

Pierre Wiertz
EDANA

EDANA recently collaborated with ANNA to facilitate free trade between...

Nitisha Kapur
Breakbounce Streetwear

How is the market for streetwear faring in India? Is the demand same as in ...

Tom Barone
eBay Enterprise

Ecommerce market is booming all over the world. But the boom actually...

Robin Grankvist
OrganoClick AB

<i><b>Robin Grankvist</b> talks about PFCs, additives and various...

Kai Poehler
Voith Paper GmbH & Co. KG

<b><i>The glass mat industry is growing by five to eight per cent...

Mr Ambrose Chan
DSG International (Thailand) PLC

Mr. Ambrose Chan discusses the vast world of baby and adult diapers from a ...

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


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