Home / Knowledge / News / Apparel/Garments / Vietnamese clothing exports to S Korea skyrocket
Vietnamese clothing exports to S Korea skyrocket
23
Apr '11
According to the General Department of Vietnam Customs' report, during the initial three months of the current year, Vietnam's exports to South Korea grew by 121 percent to around US$1.17 billion.

There has been a rise in both, the volume as well as the value of exports.

Footwear, confectionary, garment and textiles, wooden items, seafood and coffee witnessed the highest rise in exports.

Garment and textile product exports for January and February stood at $111 million, which reflected a year-on-year rise of 134 percent.

Phong Phu Joint Stock Company's Deputy General Director, Pham Minh Huong said that, her firm exported five million dollar worth of yarns and sewing threads to South Korea during the initial three months of the current year, which is equal to around 50 percent of the firm's total exports of last year.

The ASEAN-South Korea Free Trade Area (AKFTA) agreement has benefited Vietnam, and is also a reason for the significant rise in Vietnam's exports to South Korea, she said.

Since last year, in accordance with AKTFA, South Korea has removed tariffs on imports of all the products from ASEAN member nations.

Editor's note –
There is no doubt on the effectiveness of a free trade agreement. Countries like Pakistan, India and Bangladesh should also look towards inking similar treaties with other blocs across the world, which can provide a boost to their textile and clothing exports.

Fibre2fashion News Desk - India


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

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...

Marten Alkhagen
Swerea IVF AB

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X