Home / Knowledge / News / Apparel/Garments / Apparel exports will achieve its 2009 targets - Vitas
Apparel exports will achieve its 2009 targets - Vitas
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 23rd Feb 2017

Incentives would spur jobs: New ASSOCHAM president

Further incentives for investment into manufacturing, IT,...

Information Technology | On 23rd Feb 2017

Lectra unveils supply chain programme for fashion industry

Lectra, the world leader in integrated technology solutions dedicated ...

Textiles | On 23rd Feb 2017

Gujarat govt announces Rs 1,000 cr package for MSMEs

In its state budget for 2017-18, the Gujarat government has announced ...

Interviews View All

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Tony Ward
Tony Ward

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


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