Home / Knowledge / News / Apparel/Garments / Vietnamese apparel exports to cross set target
Vietnamese apparel exports to cross set target
Jan '15
Exports from the Vietnamese apparel sector are expected to touch US $24.5 billion and thereby surpass the set target by nearly $1 billion.

“The garment and textile sector continues to top Vietnamese exports, mainly due to right strategies,” the Vietnamplus reported.

“This is because of joint efforts of the whole sector and also because of hiking percentage of locally made raw materials to 50 per cent,” Vietnamplus quoted vice president of VITAS, Le Tien Truong as saying.

Vietnam exports garments worth $8.85 billion to the US, $2.38 billion to Japan and $1.96 billion to South Korea, all of whom put together account for 70 per cent of exports from the sector.

Economists said that signed and pending free trade agreements (FTAs) are opening up a lot of good chances for the sector to grow further, as import tariffs may drop to zero in many markets.

Tax incentives to be brought in by the Trans-Pacific Partnership (TPP) Agreement, expected to be signed in 2015 are also expected to create more favourable conditions for clothing exports to the US market.

Deputy minister for industry and trade, Ho Thi Kim Thoa was of the opinion that companies should establish their own brands and also meet requirements on quality, chemical management and social responsibility. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

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

Robert Brunner

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

Karan Arora
Karan Arora

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

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