Home / Knowledge / News / Apparel/Garments / Apparel exports can cross 2008 figures – Industry Ministry
Apparel exports can cross 2008 figures – Industry Ministry
21
Jul '09
“If real efforts are put in, apparel exports can touch US $10 billion in the current year, up by $900 million from the previous year's figure”, said the Vice- Minister of Industry and Trade Mr Bui Xuan Khu.

This resurgence in expectations has come about on the back of a revival in export orders in the last 2-3 months, more particularly from the Japanese market with whom, Vietnam has recently signed a free trade agreement.

The Director General of Vietnam Textile and Garment Group (Vinatex), Mr Vu Duc Giang recently said that apparel exports in the first half of 2009 stood at $4 billion, down by just 4.7 percent when compared with the same period of 2008.

However, he added by saying that, in the context that the world's demand for garment products fell by 15 percent in Jan-June, that of Vietnam only dipped 4.7 percent is a big achievement and that many of big companies have actually posted high net profits.

Many of the garment export companies have reported of a surge in orders from the beginning of the second quarter, more particularly in month of June, and most of them have orders in hand which will see them through the third quarter.


Fibre2fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Anupam Arya

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

Larry L Kinn
Suominen Corporation

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

Steve Cole
Xerium Technologies

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Sanjukta Dutta
Sanjukta's Studio

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

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


May 2018

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

news category


Related Categories:

Advanced Search