Home / Knowledge / News / Apparel/Garments / Vietnam's RMG export shoots high this year
Vietnam's RMG export shoots high this year
Dec '10
There has been a considerable rise in Vietnam's exports this year. The export turnover for the entire year is likely to reach US $70.8 billion, which is 24 percent higher than the exports registered during last year and also 16.5 percent above the target set for the current year.

Textile and garment export, being the biggest contributor, to Vietnam's export has always remained the country's key export sector, growing at a rate of over 17 percent per year.

Considering its inspiring growth over the past few months, the sector is expected to earn more than US $11 billion worth of export revenues this year, registering a year-on-year rise of 21.3 percent and 5.1 percent above the target set for the current year. With this, the sector is likely to find a place amongst the world's leading 10 exporters of textile products and apparels.

It is for the fifth month that November has recorded a monthly export earning of over one billion US dollar, with its overall earnings for the last 11 months reaching to US $10.036 trillion.

The sector is now trying to surmount challenges like that of electricity sourcing, labour issues and increasing prices of raw materials in a bid to raise production and fulfil the export orders.

Vice President of the Vietnam Textile and Apparel Association, Le Van Dao, insisted on the industry's competitiveness in the times ahead and stated that the sector intends to grow into a progressive sector by 2015, while increasing its export revenues to US $20 billion and also boosting the domestic earnings to 60 percent. The industry would mainly concentrate on specializing and on collaboration so as to develop the country into a regional fashion hub, he added.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Suresh Patel
Sidwin Fabric

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

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

March 2017

March 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