Home / Knowledge / News / Apparel/Garments / Vietnamese garment sector finally turns optimistic
Vietnamese garment sector finally turns optimistic
15
Jun '09
The Vietnamese textile and garment sector is filled with euphoria as there has been a slowdown in the falling negative growth of exports from the industry in April, which fell by only 2 percent year-on-year.

This has made them optimistic for the remaining few months of 2009. For instance, Garment 10, the Hanoi based garment manufacturer has orders in hand for completion in August and September.

The Managing Director of the company was quoted as saying that exports had grown by 15 percent in the first four months of 2009, when compared with the same period of last year which reached US $25 million.

The company has been scouting for new buyers and in the process has received a big order to supply 800,000 pieces this year to a Denmark based company and also has a order to supply 7,000 suits per month to a Japanese company.

Garment 10 has also reduced its dependence on the US markets and now just exports 35 percent from a high of 50 percent in the previous year. Export sales have also increased to markets of Asia, Japan in particular.

Since the last few months most companies are facing an acute shortage of labour as workers did not return after the Tet festival in January or have shifted to other sectors which offer better salaries.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Steve Cole
Xerium Technologies

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search