Home / Knowledge / News / Textiles / Textile & garment exports aim to reach new heights
Textile & garment exports aim to reach new heights
12
Nov '08
It is worth noting that Vietnamese textile and garment industry has made much progress, generating maximum foreign exchange for the country in the recent years. The annual growth rate on an average, reached 32 percent, each year.

It even surpassed crude oil to top the list with US $811 million in export value in October, and in the first 10 months this year, the industry's total export value was $7.64 billion, up 20 percent on year.

In 2007, Vietnam has been able to list itself among world's top ten exporters in the field of textile and garment. The country is striving to be among the top five by 2015.

However, as products from China and Thailand flooding the domestic market, local manufacturers, who have been focusing on export products, are now being faced with alarming situation.

Observing the current situation, experts opine that since business prospects in the domestic ground are enormous, manufacturers must shift their focus in here, to cater to the local demands.

For related news click here

Fibre2fashion News Desk - Vietnam

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Karan Toshniwal
Orange O Tec

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search