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Textile & footwear sector anticipate a rosy future

02
Apr '08
Recently, the Ministry of Industry and Trade released the exports statistics of textile, apparel and footwear industry for the month of March.

Both the sectors see a rise in their turnover, which according to industry insiders is good news and they anticipate a better future ahead by maintaining the similar growth trend.

The country fetched US $650 million, from the exports of textile and apparel showing a rise of 20.2 percent over similar period 2007.

According to experts from MOIT, although such figures indicate a good sign, a slower growth rate is worrisome as local producers are facing difficulties like increase in prices of raw material, rise in labour rates.

For the first quarter of this year, total exports turnover of textile and apparel reached $2.11 billion.

During this period, Vietnamese footwear industry reaped $330 million from exports, which is near about $30 million more compared to previous month and up by 16.1 percent over similar period 2007.

For the first quarter, country's total exports turnover touched $1.099 billion. So far, the local footwear enterprises have received many orders for exports that will be performed in some next months.

Fibre2fashion News Desk - Vietnam


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