Home / Knowledge / News / Apparel/Garments / Clothing exports take massive hit
Clothing exports take massive hit
Dec '09
Laos, a land-locked country sandwiched between China, Vietnam, Cambodia and Thailand has a thriving garment manufacturing sector, though not as big as its neighbouring countries. But in recent times, the impact of the economic slowdown has left its mark on this sector.

Exports of clothing are expected to touch only US $160 million in the current year, down by $35 million when compared with the previous year, considering that shipments till the first nine months of 2009 could reach only $120 million.

83 percent of exports from the sector are destined for the countries in the European Union. Among other challenges, the strengthening of the domestic currency is considered a major drawback by the apparel exporters of the country.

The President of the Garment Factory Association, Onesy Boudsivongsack has appealed to the government to reconsider the value of the Lao currency; otherwise shipments from the sector could suffer and also lead to closures of a number of factories.

He also expressed concerns over the implementation of the value-added tax which will be put into effect from Jan 1, 2010 and said that the tax will create more difficulties to garment producers.

The Ministry of Finance, however argues that the valued-added tax is an additional major source of revenue for the government and that the government has lost 36 billion kip, by postponing the VAT introduction till early 2010.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: EFI Reggiani

Textiles | On 6th Dec 2016

EFI Reggiani shows inkjet textile solutions at India ITME

EFI Reggiani, a leading technology provider of a full range of...

Interviews View All

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Karan Toshniwal
Orange O Tec

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

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

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

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search