Home / Knowledge / News / Apparel/Garments / Garment exports aim for the stars
Garment exports aim for the stars
11
Dec '08
Vietnam textile and garment industry has been doing well all along since the last few years. Exports from the industry have been growing by leaps and bounds. In the first ten months of the current year the industry has exported US $7.59 billion worth of products from the industry.

This figure has been achieved against a backdrop of slowdown in demand in the last few weeks and is well on the course to achieve its export target of $9.5 billion for 2008. Emboldened by the growth figures, Ministry of Industry and Trade has now set an ambitious export figure of reaching $12 billion in 2012.

The ministry has envisioned a strategy and objective which states “Development till 2015 and vision towards 2020.” Under the strategy, the sector is expected to generate export growth rates of 20 percent in 2010 and 15 percent thereafter till 2020 to raise an export turnover of $18 billion by 2015 and $25 billion by 2020.

The vision statement also calls on more investment to be made in raw material and accessories sub-sectors to reduce import dependency on these products This in turn will help the industry to meet 50, 60 and 70 percent of demand by 2010, 2015 and 2020 respectively.

But the ministry has not set out the targets for the sector alone. It has also envisaged a road map on steps to be taken to reach the targeted figures. These include production centres to be relocated to rural and semi-rural areas where garment industrial warehouses will be set up.

Others include opening of training centers to provide training on production management and fabric designing to supplement the workforce that will be needed in the following years. Overhauling of customs and other formalities will also be part of the agenda in ensuring the industry reaches the targeted figures.

Fibre2fashion News Desk - India


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

CB&I bags ethylene technology contract from Lianyungang

Textiles | On 21st Apr 2018

CB&I bags ethylene technology contract from Lianyungang

CB&I, a leading provider of technology and infrastructure for the...

Interviews View All

Top executives
Textile industry, India

The event should be organised every year

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Abhishek Ganguly
Puma India

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

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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