Home / Knowledge / News / Country earns high revenue from exports
Country earns high revenue from exports
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 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

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

Karan Arora
Karan Arora

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Tony Ward
Tony Ward

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

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:
July 2017

July 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