Home / Knowledge / News / Textiles / Exports sees sky rocketing growth in first 8 months
Exports sees sky rocketing growth in first 8 months
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

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Angelina Francesca Cheang

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

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search