;
Home / Knowledge / News / Textiles / Domestic exporters to flourish in 2008
Domestic exporters to flourish in 2008
20
Feb '08
According to experts, Vietnam exports to Asian markets are expected to reap US $24.5 billion which would be a 16.7 percent increase from the previous year.

Vietnam exporters have calculated an approximate of $9 billion revenue from Association of Southeast Asian Nations (ASEAN) countries which would account for a 15.4 percent year-on-year hike.

Income from these markets are expected on grounds that a huge cut on import tariffs, presently between zero to five percent, will prove beneficial for the Vietnamese exporters.

In the year 2007, exporters met with a huge success on account of the ASEAN markets, earning $7.8 billion or about 37 percent of the gross revenue of products entering the continent.

The Asian markets spent $21 billion on Vietnamese exports last year, representing a surge of 22.8 percent over the previous year.

Crude oil took a lion's share of the exports made to the ASEAN countries. Besides, Vietnam has also been eyeing Japan as a viable alternative since it is already standing as the second largest trading partner for the country.

This apart, Vietnam's wooden products are expected to earn $3 billion in 2008, a 30 percent increase against last year. The furniture have found good niche in some 120 countries worldwide, including the US, the UK, Germany, China, the Republic of Korea and European countries.

The US remains the biggest market for Vietnamese woodwork with export turnover of $930 million in 2007, accounting for 40 percent of the total.


Must ReadView All

Japanese capital pouring into textile, garments in Vietnam

Apparel/Garments | On 12th Dec 2018

Japanese capital pouring into textile, garments in Vietnam

Several Japanese companies, including Itochu and Sakai Amiori, are...

Chanel bans fur, exotic animal skins in its products

Fashion | On 12th Dec 2018

Chanel bans fur, exotic animal skins in its products

French fashion retailer Chanel recently announced it will stop using...

Apparel, footwear brands failing to tackle exploitation

Apparel/Garments | On 12th Dec 2018

Apparel, footwear brands failing to tackle exploitation

Apparel and footwear firms are failing to tackle exploitation of...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Veronique Lee, Modavanti

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

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

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


December 2018

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

news category


Related Categories:

Advanced Search