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

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

RBI Governor Urjit Patel and other officials addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

RBI withdraws the incremental CRR from Dec 10

The Reserve Bank of India (RBI) has decided to withdraw the...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kerem Durdag
Biovation II LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

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

Tony Ward
Tony Ward

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

Robert Brunner
Devereux

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

Sonam & Paras Modi
SVA

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

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