Home / Knowledge / News / Apparel/Garments / Apparel exports will achieve its 2009 targets - Vitas
Apparel exports will achieve its 2009 targets - Vitas
17
Oct '09
As per the Chairman of Viet Nam Textile and Apparel Association (Vitas), Mr. Le Quoc An, the textile and garment industry of the country is likely to achieve its target of US$9.2 billion in export value this year, though it had witnessed a fall of 1 percent during the first nine months of the year, compared to the same period of 2008.

During these months, total export value of the industry touched $6.7 billion. It declined by 4 to 5 percent to the EU and US markets, however, increased to the Asian markets such as Japan, South Korea, Taiwan and Singapore, informed Mr An.

Country's export value to Japan swelled by 20 percent and reached $700 million, while to S. Korea it was $150 million recording a growth of 50 percent. Considering the export trends of the past few months, Mr An anticipates that the industry would achieve an export value of $830 million per month during the final quarter of this year.

The sector will be able to reach $9.2 billion in textile and garment exports for 2009, which means a one percent growth compared to last year. Besides that, the economic recovery in markets of the EU and US would also prove to be helpful, in receiving additional export orders, by the year end, predicted Mr. An.

Moreover, the industry would also be able to avail benefit from the Vietnam-Japan Economic Partnership Agreement that recently took effect to have better access to the Japanese market.

Vitas seeks reduced import taxes in Russian market, for which it has urged the government to communicate with Russia for a Free Trade Agreement as that country imposes 4 to 5 percent tax on imported textile and garment products. The association also expects that the negotiations for a Bilateral Free Trade Agreement, between Vietnam and Chile, to complete soon.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Amardeep Singh
Orient Craft

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

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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
April 2017

April 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