Interviews
Exports likely to soar by July-end
27 Jul '07
1 min read
Ministry of Trade has just reported that export revenue of the country in the first seven months this year is estimated to fetch US $26.8 billion, posting a year-on-year rise of 19.6 percent. The figure of July alone is $4.25 billion.
So far, there have been seven products earning exports turnover exceeding the $1 billion mark, including crude oil ($4.43 billion), textile and apparel ($4.24 billion); footwear ($2.36 billion); electronics and computer components ($1.09 billion) and wooden furniture ($1.33 billion).
Textile and apparel is seriously affected by loss of market in the US due to monitoring mechanism. Since early this July, seldom have there been new orders made by the US, causing a modest growth of the industry.
According to Nguyen Thanh Bien, Vietnamese Deputy Minister of Trade, MOT is trying to do whatever it can to minimise the adverse impact of the US programme and achieve export targets, successfully.
So far, there have been seven products earning exports turnover exceeding the $1 billion mark, including crude oil ($4.43 billion), textile and apparel ($4.24 billion); footwear ($2.36 billion); electronics and computer components ($1.09 billion) and wooden furniture ($1.33 billion).
Textile and apparel is seriously affected by loss of market in the US due to monitoring mechanism. Since early this July, seldom have there been new orders made by the US, causing a modest growth of the industry.
According to Nguyen Thanh Bien, Vietnamese Deputy Minister of Trade, MOT is trying to do whatever it can to minimise the adverse impact of the US programme and achieve export targets, successfully.
Fibre2fashion, News Desk - Vietnam
Popular News
Leave your Comments
Editor’s Pick
Ritesh Dodhia
Dodhia Synthetics Limited
Pratik Gadia
The Yarn Bazaar - Filosha Infotech Private Limited
Aleksandre Akhalkatsishvili
Label - Aleksandre Akhalkatsishvili
Salvatore Piccione
Label - Salvatore Piccione
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
