Home / Knowledge / News / Apparel/Garments / Clothing exports all set to achieve 2009 target
Clothing exports all set to achieve 2009 target
Dec '09
After having recorded double digit export for many years, beginning from 2000, the clothing sector witnessed negative growth for the first time in 2008, but has bounced back to once again record positive, albeit a marginal growth of just 1 percent in the first eleven months of 2009.

This is considered remarkable, when corresponded with the double digit negative growth registered by Vietnam's competitor countries like India and China, and even more significant is the fact that, the sector is optimistic that it will be able to complete the target set at the beginning of the year.

This achievement has been considered note-worthy by experts from the industry as other export revenue generating sectors in Vietnam like; footwear is expected to tumble by 15 percent, wood products by 12 percent and seafood by 8 percent in the current year.

Despite a fall in its major export markets such as the European Union and the US, clothing and accessories exports to Australia, the Republic of Korea, Saudi Arabia, Canada and Singapore grew, especially to Japan after the Vietnam-Japan Economic Partnership Agreement took effect.

VITAS, the apex clothing trade body said that, imports of raw materials and accessories for producing finished textile products too has declined by 6.4 percent and 20 percent respectively, which indicates that local content in finished goods has increased considerably in 2009, compared to 2008.

But a big matter of concern for the clothing exporters could be inviting anti-protectionism measures, as to keep their factory wheels running, the exporters resorted to quoting low prices, which have led to per-unit rate of items falling by nearly 20 percent, when compared with the previous year.

Vietnam has promoted itself as one of the most attractive destinations for foreign buyers, thanks to its competitive prices, high quality of products and the use of advanced technology and the clothing sector has projected to touch US $10.5 billion in export revenue in 2010, up 12 percent from 2009.

Fibre2fashion News Desk - India

Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

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

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Priya Somaiya
Usha Social Services

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

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search