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Textiles & footwear export record impressive growth
02 Aug '06
1 min read
The growth of five export staples has increased substantially that includes garment and textiles, footwear, wood and aquatic products with the figures exceeding US $1 billion for each item, during the January-July, 2006 period.
Textile and garments registered growth of $3.3 billion, footwear over $2 billion.
Deputy Minister of Trade, Le Danh Vinh attributed the growth to transparent quota management mechanism with US, European Union (EU) and Japan as their main markets.
Even though the picture looks rosy, experts have warned that factors like natural calamities, oil price hike along with the anti-dumping taxes to be levied by EU against Vietnam's leather shoe industry may have an adverse effect on the annual export figures.
Textile and garments registered growth of $3.3 billion, footwear over $2 billion.
Deputy Minister of Trade, Le Danh Vinh attributed the growth to transparent quota management mechanism with US, European Union (EU) and Japan as their main markets.
Even though the picture looks rosy, experts have warned that factors like natural calamities, oil price hike along with the anti-dumping taxes to be levied by EU against Vietnam's leather shoe industry may have an adverse effect on the annual export figures.
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