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

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search