Home / Knowledge / News / “Tap smaller markets” - experts
“Tap smaller markets” - experts
18
Oct '08
Vietnam
Vietnam
There are still a few optimists in Vietnam who believe that adversities created by the economic turmoil can be converted in to opportunities and that there is till hope to achieve the targets set for 2008.

Despite the crisis, exports to the US have maintained a steady growth; albeit lower than that of last year. Shipments to the US have grown at 17.8 percent in the period January-August 2008, which is considerably lower than 25.7 achieved in the same period of the previous year.

On one hand, exports to France have slowed down due to lower consumption; shipments to Belgium have also witnessed a dip of 12.56 percent in the period under review. Experts advise Vietnamese exporters to improve their competitiveness and in turn cut their prices to stay afloat and weather the storm.

This is the period they add by saying, when countries will try to put tariff barriers in order to protect their domestic industries. This is the time to diversify and explore new smaller and hitherto untapped markets of Asia, Africa etc., since the impact of the turmoil is going to be lesser than those in bigger markets, they aver.


Fibre2fashion News Desk - Vietnam


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Hardik Sanghvi

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

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Harsh Shah

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Wendell Rodricks
Wendell Rodricks

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

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search