Home / Knowledge / News / Textiles / Textile & garment sector posts marginal growth
Textile & garment sector posts marginal growth
01
Jul '08
Both production and exports of textile and apparel industry of Southern Province of Dong Nai witnessed a steady growth in the first half of 2008.

Products worth VND3, 907.1 billion (US $244 million) were produced by enterprises within the industry, registering a rise of 14.1 percent compared to 2007.

Moreover, production of apparel accessories in the first half of this year also grew by 14.6 percent compared to the corresponding period last year.

However, experts believe that this growth is only marginal if the rise in price of raw material and consequent increase in the cost of production is taken into consideration.

As a matter of fact, lack of skilled and semi-skilled labors have also played a role in hampering growth of the overall industry. Besides, the stock market fell by two-thirds while the VND continues to depreciate substantially; moreover, trade deficit of the country has also been enlarging.

Looking at these circumstances, the growth recorded for the period was no doubt commendable but it definitely would have been more phenomenal under normal conditions.

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Stefano Gallucci (left), CEO, Santex Rimar Group, and Tamer Hasbay, President, Has Group; Courtesy: Santex Rimar

Textiles | On 24th Jan 2017

Santex Rimar to market all Has products globally

Italy based Santex Rimar Group has signed an agreement with Turkey...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Steve Cole
Xerium Technologies

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sonam & Paras Modi
SVA

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
January 2017

January 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