Home / Knowledge / News / Apparel/Garments / Garment sector sets ambitious export target for 2011
Garment sector sets ambitious export target for 2011
05
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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Larry L Kinn
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search