Home / Knowledge / News / Textiles / Textile & garment sector reap rosy results in various markets
Textile & garment sector reap rosy results in various markets
06
Oct '08
The General Statistics Office (GSO) has recently released a statistical report showing that Vietnamese textile and garment industry earned US $916 million from export in the month of August.

The figures showcase a fall of 1.65 percent over July; however, the country could achieve year-on-year growth of 15.45 percent.

It is noteworthy that during first eight months, export turnover of textile and garment products reached $6.1 billion, up by 19.06 percent over similar period previous year.

Textile and garment export to US market reached $3.4 billion, rising 85 percent over corresponding period last year. However, experts are of the opinion, that international trade crunch and the US's sharp economic recession had a severe impact on Vietnamese textile and garment sector. Thus exports growth rate to the US market is expected to slow down during the remaining 4 months of the on-going year.

On the other hand, export turnover to the EU market was $158.5 million in August, representing a fall of 19.75 percent compared to July and 4.65 percent to against similar period last year. Yet, total export figure during January to August period was $1.134 billion, up 17.12 percent on-year.

On the Asian front, in the month of August, Vietnam fetched $82 million from Japanese market, representing a rise of 4.64 percent over July and 14.16 percent over same period 2007. All together, export turnover to this region increased by 13.74 percent to reach $524 million. It is expected that Vietnam will achieve a sustainable growth rate in this market.

Similarly, export to Taiwan showcased a high growth rate on-year. Export value to this market soared by 118 percent in August and 58 percent in 8 months with a total value of $180 million.

Vietnam is aiming to reach markets like Korea, Russia, Canada in near future.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

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
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

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



X