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 announces final CVD on fine denier PSF from China, India

Textiles | On 19th Jan 2018

US announces final CVD on fine denier PSF from China, India

The US secretary of commerce Wilbur Ross recently announced the...

EU consumers to gain from cheaper, safer, better e-payments

Apparel/Garments | On 19th Jan 2018

EU consumers to gain from cheaper, safer, better e-payments

European consumers can now reap the full benefits of paying online...

Courtesy: Epson

Textiles | On 19th Jan 2018

Epson's new SC F2100 enhances DTG printing

Epson, a leader in inkjet printers and digital textile printing...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Larry L Kinn
Suominen Corporation

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

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Igor Chapurin
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...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

January 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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

Yes No

Active Poll

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

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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

Yes No

Active Poll

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

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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

Active Poll

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

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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