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

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Kerem Durdag
Biovation II LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marten Alkhagen
Swerea IVF AB

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

Pranav Mishra

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


July 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

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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

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