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Garment cos succeed in lifting export prices
14
Apr '08
According to Agteck,(Association of garment, textile, embroidery and knitting, the garment companies in Ho Chi Minh City(HCMC), have succeeded in negotiating with their foreign clients to increase export prices from 5 to 20 percent for the second quarter of 2008.

Binh Hoa, a garment company has signed a contract of exporting around 30,000 elastic shirts to US market with a rise of nearly 10 percent.

Hoan Cau, apparel manufacturer earned almost 5 to 15 percent of growth for its products. While, Thach Bich Company will export 70,000 products with a boost of 20 percent in export price.

Other companies that have been successful in getting a rise in export price include Mai Ka, Minh Hoang, Saigon garment company No 2 and No 3, Tan Phu Cuong and Legamex.

Experts believe that, increase in export price is seen as a positive move made by the foreign buyers as prices of raw materials have risen leading to low profit margins.

Fibre2fashion News Desk - Vietnam

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