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T&C exports fare better than expected in Q1
Apr '10
Exports from the major revenue generating sector; textiles and clothing, has gone beyond expectations in the first quarter of 2010, to touch US $2.25 billion, up 18 percent, when compared with the same period of the previous year.

The Chairman of Vietnam Textile and Apparel Association, Le Quoc An, who released these figures attributed this excellent growth to a recovery in the global economy and was hopeful that the sector would be able to reach its targeted figures of $10.5 billion in 2010.

Despite the slowdown in the global economy, the sector was able to reach exports of $9 billion in 2009, which is just a shade less than the targeted figures of $9.2 billion and just $100 million less than that achieved in 2008, which is highly commendable.

Vietnam has promoted itself as one of the most attractive destinations for foreign buyers, thanks to its competitive prices and high quality of products. Le Quoc An said that many exporters have orders in hand till third quarter and even for the full year.

Fibre2fashion News Desk - India

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