Home / Knowledge / News / Apparel/Garments / Apparel exports to face more adversities in 2011 – Expert
Apparel exports to face more adversities in 2011 – Expert
Mar '11
Nguyen Duy Khien, Head of the American Department under the Ministry of Industry and Trade recently while addressing a seminar in the HCM City said that, the Vietnamese economy had been trapped in a complex situation from the very start of the current year.

Further, factors like trade barriers, soaring cost of production and competition extended by China are likely to pose more challenges before the Vietnamese exporters shipping goods to the US, during the year.

High prices of raw materials have adversely affected the competitiveness of the domestic exporters, particularly of those functional in the textile and garment sectors, the official added.

In addition to this, the businesses had also confronted adversities in obtaining bank credit, which had resulted in dearth of capital and impeded the production growth for exports.

Moreover, as other countries, particularly China is extending strong competition to Vietnamese exporters, and this too is likely to have an adverse effect on the country's export during the year, he said.

China holds a major share of the US market in respect of items like textiles and garments and footwear, which are considered to be Vietnam's strong points.

China now has outshined Canada, and has turned out to be the leading exporter to the US. It last year, exported goods worth US$364.04 billion to the US, which constituted around 19.17 percent of the US's overall import turnover.

A majority of the exporters from Vietnam were small business houses for whom it was not at all easy to converge with the technical standards fixed by the US.

Khien advised that the Vietnamese exporters should undertake market research to study demand and also legal and technical hindrances which would come their way while entering the US market.

Also he added that, the businesses should even focus on developing and updating their websites regularly, as these websites play a significant part in foreign trade, particularly in the one with the US. The US businesses are habituated to find out more information by surfing the internet, prior to getting in touch with the suppliers.

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

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Johan Berlin
InvestKonsult Sweden AB

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar
Label Ritu Kumar

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin

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

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


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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