Home / Knowledge / News / Apparel/Garments / Garments exports post glittering growth in 2011
Garments exports post glittering growth in 2011
05
Mar '11
The country's revenues from garment exports in the first two months of the current year rose by 54.2 percent to US $2.15 billion, over the previous year.

The rise not only reflects the steady growth that the sector has been attaining from 2009 onwards, but is also the highest as compared to the growth registered by all the 24 export staples of Vietnam.

Le Tien Truong, Deputy General Director of the Vietnam Textiles Group said, growth of the country's garment sector was very much reflected in majority of the markets, from the very start of the year.

By close of January, the US, EU and Japan, with a year-on-year rise of 41 percent, still stood to be the leading contributors to country's overall garment exports valued at US $659 million.

The US with a rise of 75.6 percent imported garments worth US $241 million during January, while EU imports too registered a rise of 71 percent, to US $133 million.

Further, though the country earned only US $71 million from its garment exports to the Republic of Korea during January, but the annual figures reflected a rise of 162 percent.

The four markets together contributed over 88 percent of the country's overall garment export earnings worth US$1.1 billion, for the month of January.

The sector is eyeing to bag US $13 billion in revenues during 2011 in exports from the sector.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Larry L Kinn
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Suresh Patel
Sidwin Fabric

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

Mike Hoffman
Gildan Activewear SRL

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

Ritu Kumar
Label Ritu Kumar

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X