Home / Knowledge / News / Apparel/Garments / Vietnamese apparel exports to cross set target
Vietnamese apparel exports to cross set target
02
Jan '15
Exports from the Vietnamese apparel sector are expected to touch US $24.5 billion and thereby surpass the set target by nearly $1 billion.

“The garment and textile sector continues to top Vietnamese exports, mainly due to right strategies,” the Vietnamplus reported.

“This is because of joint efforts of the whole sector and also because of hiking percentage of locally made raw materials to 50 per cent,” Vietnamplus quoted vice president of VITAS, Le Tien Truong as saying.

Vietnam exports garments worth $8.85 billion to the US, $2.38 billion to Japan and $1.96 billion to South Korea, all of whom put together account for 70 per cent of exports from the sector.

Economists said that signed and pending free trade agreements (FTAs) are opening up a lot of good chances for the sector to grow further, as import tariffs may drop to zero in many markets.

Tax incentives to be brought in by the Trans-Pacific Partnership (TPP) Agreement, expected to be signed in 2015 are also expected to create more favourable conditions for clothing exports to the US market.

Deputy minister for industry and trade, Ho Thi Kim Thoa was of the opinion that companies should establish their own brands and also meet requirements on quality, chemical management and social responsibility. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Oct 2020

Zimbabwe to release additional $1.5 bn for cotton farmers

Zimbabwe will release an additional $1.5 billion to settle...

Pic: Dorothy Perkins

Apparel/Garments | On 19th Oct 2020

Dorothy Perkins, Burton Menswear, First Insight partner

Dorothy Perkins and Burton Menswear, part of the Arcadia Group, and...

Pic: HanesBrands

Apparel/Garments | On 19th Oct 2020

HanesBrands to improve at least 10 million lives

HanesBrands, a socially responsible marketer of everyday basic...

Interviews View All

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

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

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Roz Guarnori,

Roz Guarnori

FESPA Global Print Expo 2019, to be held in Munich from May 14-17, is...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Robert Brunner, Devereux

Robert Brunner
Devereux

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

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

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

Leave your Comments


October 2020

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


Advanced Search