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Import of textile machinery increases in July
01
Oct '08
According to recently released statistics by General Statistics, in July this year, the imports turnover of machine and equipment serving textile and garment industry reached almost US $30.1 million. This shows a significant rise of 36 percent when compared to June 2008.

The import value of machines and equipment meant for knitting industry accounted for more than 50 percent of the total import value.

The import of industrial sewing machines valued at almost $9.2 million, showing a boost of 14 percent when compared to previous month.

The strong growth was seen from all markets supplying to Vietnam including Italy that displayed a year-on-year hike of 4,528 percent. Japan, Hong Kong, China also showcased a significant increase of 208 percent, 189 percent and 6 percent respectively.

Several enterprises also imported machinery from new markets that includes Korea, Netherlands, Taiwan, Singapore, Spain and Nicaragua.

In the first seven months of 2008, Vietnam spent nearly $197 million for the import of machines and equipments serving textile and garment industry.

Fibre2fashion News Desk - Vietnam

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