Home / Knowledge / News / Textiles / Exports sees sky rocketing growth in first 8 months
Exports sees sky rocketing growth in first 8 months
03
Sep '08
In the month of August export turnover of Vietnam reached US $6.1 billion showing a rise of 40.6 percent compared to last year, but simultaneously it shows decline of 6.8 percent compared to July 2008. Total revenue generated during this period is $43.3 billion, with year–on-year rise of 39.1 percent in 8 month of the running year.

Statistical data says that state sector brought $19.6 billion with rise of 43.9 percent value wise; exports from FDI sector excluding crude oil, reached $15.8 billion rising to 28 percent and crude oil soared 53.3 percent of $7.9 billion.

Export value of various products such as crude oil, textile and garment, footwear etc, increased with turnover more than $1 billion in first 8 months.

Compared to last year, export value of crude oil has decreased to 10.8 percent worth $7.9 billion in value and has increased to 53.3 percent accounting 9 million tons in volume.

Whereas textile and garment earned $6 billion with rise of 20 percent and footwear sector could manage for $3.2 billion

In July itself, export to Asian market has gained the highest value of $6.8 billion with increase of 44.3 percent on-year and that of US market was $6.6 billion with rise of 19.2 percent (Textile and garment industry accounted for $2.9 billion with 17.7 percent increase).

The Country fetched $6.3 billion from European market with growth of 22.1 percent; textile and garment made up $965 million with 22.3 percent increase. Vietnam managed to earn $2.7 billion and $2.6 billion with surge of 71.6 percent and 45.8 percent from Australia and China respectively.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

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...

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

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

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

Kerem Durdag
Biovation II LLC

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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...

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
77.6%
No
13.4%
Skip
9.0%

Total Votes: 67

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
61.2%
No
28.4%
Skip
10.4%

Total Votes: 67

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
85.1%
No
10.4%
Skip
4.5%

Total Votes: 67

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
74.6%
No
11.9%
Skip
13.4%

Total Votes: 67


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