Home / Knowledge / News / Textiles / Exports to US may fetch high revenue this fiscal
Exports to US may fetch high revenue this fiscal
15
May '08
America Market Division under The Ministry of Industry and Trade (MOIT), expects that Vietnam exports to US market would reach nearly US $11 billion in 2008. On the other hand, the imports from the US would be approximately $1.7 billion.

According to MOIT, in first quarter of 2008, bilateral trade between Vietnam and US reached almost $2.891 billion, in which Vietnam exported commodities of approximately $2.3 billion, showing an increase of 8.1 percent and imported goods worth of $591 million, observing a hike of 101 percent.

Key products shipped to US include textile and garment worth nearly $1.10 billion, footwear fetched almost $227.54 million and crude oil generated $215.85 million of revenue for the nation.

Vietnam imported machines and equipments of approximately $88.77 million. The nation had to spend nearly $33.25 million on textile, apparel and footwear and cotton for $31.07 million.

Apparently, the local Government has been proposing the US authorities to grant Vietnamese products with US Generalized System of Preferences (GSP).

Fibre2fashion News Desk - Vietnam

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Karel Williams
Dow Microbial Control

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

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...

Eamonn Tighe
Nature Works LLC

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search