Home / Knowledge / News / Textiles / Nation eyes new avenues for amplifying export earnings

Nation eyes new avenues for amplifying export earnings

16
May '08
According to the Ministry of Industry and Trade (MOIT), the nation plans to increase its export in South Asian and Middle East regions. The aim is to take export earnings to nearly US $2.3 billion, increasing it to almost 33 percent in comparison to 2007.

This year MOIT aspires to increase its export to UAE from $230 million last year to nearly $141 million and to Turkey from $201 million in 2007 to $236 million.

In 2007, export to South Africa reached $184.9 million and to various Asian regions nearly $1.72 billion. Goods shipped to Egypt fetched almost $141 million and revenue earned from India touched $236 million.

Vietnam is now thinking over importing products like petroleum and chemicals from Kuwait and Saudi Arabia, textile and garments from India and cotton from Africa for fulfilling domestic demand.

The authorities are ready to provide complete support to all the local enterprises to make investments in foreign countries. Trade officials have also urged small and medium scale units to improve their product quality, business plans and create trademarks to compete in international market.

To ease the trade process, the Government is planning to modify the legal framework that includes promotion and protection of investments as well as bilateral trade agreement for better business dealings.

Fibre2fashion News Desk - Vietnam


Interviews View All

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Spring Chang,

Spring Chang

A specialist in manufacturing printing machines, <b>Wenzhou Changs</b>...

Carolin Russ,

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search