Home / Knowledge / News / Textiles / MOIT targets African continent for sustainable exports
MOIT targets African continent for sustainable exports
Mar '09
The Vietnamese Ministry of Industry and Trade (MOIT) has recently put its stamp of approval on an action plan for promoting trade relations with African countries in the period 2009-2010 and develop further the two-way trade.

According to this action plan, there will be a host of promotional programs with a view to accelerate exports from key Vietnamese sectors like textiles, clothing, footwear, agri-products, food and consumption products etc.

The ministry has set ambitious targets to increase the two-way trade with the African continent and take it to US$2.5 billion in 2009, with exports from Vietnam totaling to $1.6 billion and $3 billion in 2010, with an annual growth rate of 20 percent.

Because of the ongoing global economic crisis in almost all its traditional big markets, the country has been thriving to diversify its export markets to offset the drop in sales in key markets like US and EU.

Fibre2fashion News Desk - Vietnam

Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra

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

Ritu Kumar
Label Ritu Kumar

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

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


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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