Home / Knowledge / News / Apparel/Garments / Garment sector aims to reach greater heights
Garment sector aims to reach greater heights
04
Jul '08
The garment manufacturing units of Vietnam surely have a bright year ahead of them. As many apparel companies have recently inked export contracts for the entire third quarter of 2008, and that to at a higher price when compared with previous year.

According to the statistics generated by Vietnam Garment and Textile Group (Vinatex), export of garments reached nearly US $4.19 billion in the first half of 2008. This showcases a growth of 20 percent when compared to same period of 2007.

However, various factors like rise in the price of raw material, hike in the borrowing cost and increased salaries have made the earning ratio fall to 8 percent per capita yearly, from 15.6 percent in 2007.

Even the high exchange rate between US dollar and VND is a matter of concern among the garment exporters. As a result, MOIT has also urged the clothing enterprises to export high value products and transact in other currency other than US dollar for reducing the differences.

The Ministry of Industry and Trade (MOIT), has advised Vinatex to fasten the exports for fulfilling this year's target which is nearly $9 billion. It is now focusing on the Middle East and African markets to make up for the falling sales in traditional markets.

Vinatex has also requested the Government to support textile industry for coping with non-tariff barriers and setting up cotton growing and industrial areas for further boosting this lucrative sector.


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Paolo Ocleppo
Sandvik Hyperion

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search