Home / Knowledge / News / Country earns high revenue from exports
Country earns high revenue from exports
25
Jul '08
Sources from General Statistics Office informed that Vietnam earned US $6.25 billion in the month of July only.

Total export during January to July, shows a rise of 38 percent, which sums to $36.8 billion value wise; of which FDI sector earned $16.5 billion with an increase of 40 percent.

There was much demand of products such as crude oil, apparel accessories which depicts rise of 52 and 32 percent respectively; followed by textile and garment with 20.5 percent. Even exports of gemstone garnered a noticeable growth.

Ministry of Industry and Trade (MOIT), expects to fetch export value of $61.2 billion this year.

Even though the country showcased an exemplary development in exports, dependence on imports is also quite high. Vietnam expended nearly $52 billion on imports of various products, representing a growth of 57 percent over similar period previous year.

To stabilize the market and maintain demand-supply chain of essential products, MOIT encourages enterprises and concerned agencies, to boost the production, continuously. This will reduce reliance on import and boost export of products with high economic value.

Fibre2fashion News Desk - Vietnam

Must ReadView All

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Courtesy: Gucci/Pantone

Textiles | On 9th Dec 2016

Pantone announces greenery as colour of the year 2017

Pantone, an X-Rite company and the global authority on colour and...

Textiles | On 9th Dec 2016

Heimtextil to host 230 exhibitors from 28 countries

Close to 230 exhibitors from over 28 countries are expected to...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Wendell Rodricks
Wendell Rodricks

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search