Home / Knowledge / News / Apparel/Garments / Garment sector sets ambitious export target for 2011
Garment sector sets ambitious export target for 2011
Jan '11
The garment and textile industry of Vietnam has fixed its export revenue target for the current year at an ambitious level of US $13 billion.

The sector's exports registering a year-on-year rise of 23.2 percent grew to touch $1.15 billion in December 2010, while the industry's overall export turnover for the period came to $11.17 billion, the General Statistics Office data revealed.

As stated by the industry experts, the sector in order to achieve the current year's target would mainly be concentrating on retaining the present customers while directing the exporters to explore new markets and look for new customers.

Meanwhile, the sector even tried to boost its market share in the conventional and emerging markets and intends to hike its concentration ratio on local markets to around 55 to 60 percent, this year. At present, Vietnam is the fifth largest exporter of garment and textiles, throughout the world.

Experts opined that, cotton cultivation has remained a cause of concern for the domestic garment and textile industry, as Vietnam being a densely populated country does not have much free land for cultivation and also lacks a broad policy to help boost cultivation of more industrial crops for the industrial sector.

As the country does not have sufficient cotton cultivation farms so the firms are presently associating with the provinces to motivate the farmers to swap cotton cultivation with other crops.

Further, while the garment and textile sector of the country has been growing robustly at a rate of around 20-25 percent and the growth rate for cotton cultivation remained too low due to inferior quality of soil and small size of cotton farms.

Thus, with all these factors playing a part it seems difficult to develop cotton cultivation to fulfil the demands of garment and textile sector, the experts said.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Larry L Kinn
Suominen Corporation

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

Kevin Nelson

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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