>>
Home / Knowledge / News / Apparel/Garments / Vietnam targets $ 40 bn in textile-garment exports in 2019

Vietnam targets $ 40 bn in textile-garment exports in 2019

22
Jan '19
The Vietnam Textile and Apparel Association (VITAS) has set a target of $40 billion in export turnover for calendar year 2019, 10.8 per cent higher than the $36 billion in 2018, which was a 16 per cent rise year-on-year. The sector is likely to enjoy a trade surplus of $20 billion and generate employment and raise income for 2.85 million workers.

The upcoming free trade agreements (FTAs), such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), are a driving factor supporting production and business activities of the sector in 2019. The sector is also awaiting more orders due to the US-China trade war.

Vietnamese textile firms have witnessed positive signals for orders in 2019. Many businesses have already received orders for the first six months of 2019 and even the whole year. Flows of capital investment in the textile and dyeing industry and material have been on the rise, according to a news agency report.

According to the Ministry of Industry and Trade, 2019 will be a challenging year for the sector to integrate into the global textile supply chain.

The fourth Industrial Revolution will especially have a stronger impact on the sector, forcing it to change and strongly increase investment in equipment and personnel, experts feel.

Vietnam is participating in 16 FTAs. Eleven out of the 12 signed agreements have been enforced, while the ASEAN-Hong Kong (China) FTA is yet to come into force. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 21st Jan 2022

China to optimise energy production, supply, storage, sales

As the global energy market faces complicated situations, China’s top ...

Pic: Shutterstock

Retail | On 20th Jan 2022

Clothing retail sales in US grew 33.1% during holiday season: NRF

Retail sales during 2021’s November-December holiday season grew 14.1 ...

Pic: Shutterstock

Textiles | On 20th Jan 2022

ILO downgrades labour market recovery forecast for 2022

Geneva-based International Labour Organisation (ILO) has downgraded...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Dr. Ajay Sahai,

Dr. Ajay Sahai

Set up in 1965 by Ministry of Commerce, Government of India to focus the...

Ilker Hacioglu,

Ilker Hacioglu

Founded by three partners of French origin in 1988, LC Waikiki started its ...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

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

ESTEEMED CLIENTS

Etam Group Strategy Hong Kong Limited
Boardriders Asia Sourcing Limited
OVS Hong Kong Sourcing Ltd.
The LYCRA Company Singapore  Pte. Ltd
Gokaldas Exports Limited
Aramark Uniform ;& Career Apparel, LLC
Amazon China
Tchibo GmbH
Desigual - ABASIC, S.A.
Aquarelle Clothing Limited
Splash
KIABI
J ;& P Coats
NITI Aayog
H;&M Hennes ;& Mauritz (Far East) Ltd
Midas Clothing Limited
Phong Phu international JSC (PPJ)
Varner AS Retail
SYNERGIES HONG KONG LIMITED
Esprit Europe Services GmbH
T.T. Limited
Permoda(Koaj/Armi/Pronto/Bkul)
The Top Form Brassiere Manufacturing Company Limited
Gap International Sourcing Limited
Groz-Beckert East Asia LLP
Lifestyle
Recron Polyester from Reliance Industries Limited
Guess Europe Sagl,
Decathlon
International Textile Manufacturers Federation
Grasim Industries Limited
Huntsman (Singapore) Pte Ltd
Sportswear Company Spa
Reiter India Private Limited
IDH – The Sustainable Trade Initiative
Babyshop
MAS Active / MAS Kreeda / MAS Bodyline
Asos
Sateri (Jiujiang) Fiber Co.,Ltd
Alix Partners
Rayonese Textile Inc., Division de Culp Inc.
Vianney Textil Hogar S.A. De C.V.
Target Corporation (MN)
Sainsbury's Argos Asia Limited
Hirdaramani International Export Private Limited
KAS Direct Sourcing
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Rosset ;& Cia Limited
Gloria Jeans
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
SHAHI Exports Pvt Ltd
Truetzschler India Private Limited
TESCO INTERNATIONAL SOURCING LIMITED
Arvind Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Brandix Lanka Limited
Hela Clothing Pvt Ltd
Cat Tuong Real Estate Group Joint Stock Company
THE BOMBAY DYEING ;& MFG.CO. LTD
BIMBA ;& LOLA SL
Chori Company Limited
Vardhman Textile Ltd
Walmart
Lacoste (Wanchai)
Helly Hansen Far East Ltd
Eastman Chemical Company
Tory Burch Hong Kong Ltd
Seasalt Limited
Bluestem Global Sourcing Limited
Lenzing Aktiengesellschaft
Abit
BIANCA
C;&A Sourcing International Ltd
Maceton Limited
Puma
John Varvatos
PVH Corporation
LC Waikiki
Lisa S.P.A.
Tommy Hilfiger
Calvin Klein
Chico’ FAS
Restoque S.A.
Lululemon Athletica Inc
Under Armour Global Sourcing Ltd
Page Industries Limited (Bangalore)
Sportmaster Ltd.
IKEA of Sweden AB
Benetton Group
Green Fibre

January 2022

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


Advanced Search