Home / Knowledge / News / Apparel/Garments / Garments & footwear expected to recoup for fall in exports
Garments & footwear expected to recoup for fall in exports
10
Jan '09
According to an estimate of the Vietnamese MOIT, the export value of industrial processing groups in 2009 will reach US $52.9 billion, up 38.7 percent over 2008.

Over the years, minerals, agriculture, forestry and fishery have been Vietnam's flagship groups of industries which have helped increase exports from the country. However, experts predict that in 2009, there will be a decline in the export value of these sector groups by about US $6.6 billion.

Therefore, the burden of retaining the edge in exports from the country will be shifted to the industrial processing products. Five industrial processing products that are expected to gain and attain high export value include: textile and garment products, footwear, wooden products, plastic products and electric wires and cable.

Textile and garment industry's export target of $11.5 billion with a growth rate of 25 percent in 2009 may be readjusted but the industry still hopes that the industrial processing sector will help the country achieve its export targets.

Other industrial processing sectors have the potential to achieve high values are footwear, plastic products and electric wires and cable with targeted export value of $5.1 billion, $1 billion and $1.4 billion respectively.


Fibre2fashion News Desk - Vietnam


Must ReadView All

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

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...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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