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Apparels exports record growth in first four months
15
May '09
In spite of ongoing economic meltdown the US remains the largest apparel importer for Vietnam's apparel industry, said Mr. Nguyen Son, Deputy General Secretary of the Vietnam Textile and Apparel Association (Vitas).

Though, in the first quarter of the current financial year, Vietnam's apparel exports to the US markets dwindled by 4 percent, its overall export to the same market in first four months of this year improved by 2 percent compared to the same period of last year.

This downfall in exports was due to the US recession, said Mr. Son, adding that many of the other major apparel exporters experienced much higher decreases, such as China witnessed a fall of 11 percent in apparel exports in first two months.

Domestic exporters expect an increase in apparel exports to the US markets during next two months as US importers resume apparel imports. According to industry insiders, apparel exports are witnessing a recovery since April as domestic apparel exporters received more export orders.

These exporters have started recruiting workers again, informed Mr. Son. The domestic apparel exporters have been advised by Vitas to improve their competitiveness in terms of price and quality of service.

Vitas statistics revealed that exports from the clothing industry touched US $2.6 billion in first four months of this year. According to prediction made by Vitas, the apparel export output in first six months of this year could be as similar as that of last year's. However, the domestic apparel exporters should explore new markets.

Fibre2fashion News Desk - India


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