Home / Knowledge / News / Barriers posing threat in achieving export target
Barriers posing threat in achieving export target
28
Jul '08
Observing a very good export turnover last year, the Ministry of Industry and Trade (MOIT) had set an optimistic target for the current year. However many reasons are posing hindrances in achieving the goal.

Recently, export enterprises have identified problems that are creating barriers to achieve the export target for 2008.

Shortage of electricity is one of the main obstacles. Frequent power-cuts have reduced efficient production. Besides, footwear industry faced the obstacle in accessing capital, leading to less production.

Overloading situation at ports has pushed up cost of export products, reducing their competitiveness as well as affecting time of delivery; shortage of raw material are also creating problems for many enterprises.

It has become a matter of concern for the market researchers as in the first six months Vietnam's export turnover has just reached US $30.6 billion compared to the set target of $61.2 billion.

Experts are of the opinion, as petroleum, textile and garment, footwear being main export products, concerned agencies should study, capital proposals, labor quality and sources of materials, carefully. They should also focus on, promoting trade and restructuring administration.

To improve the current situation, the ministry would synchronize with concerned agencies, to work on oversees and direct export, informs MOIT. In every 10 days, this group will organize meeting to discuss over the difficulties of export enterprises and submit their proposal for timely solution.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Clash over monetary payment by UK at Brexit talks

Textiles | On 18th Oct 2017

Clash over monetary payment by UK at Brexit talks

The European Union (EU) and the United Kingdom (UK) are clashing over ...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Silke Brand-Kirsch
Schlegel und Partner

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

Eamonn Tighe
Nature Works LLC

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Prathyusha Garimella
Prathyusha Garimella

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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