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Surge in exports for Jan-May bring high revenues

May '08
The recently released reports of Vietnamese Ministry of Planning and Investment show that the overall exports in the period between 2008 January to May of the same year posted a turnover of US $23.4 billion rising by 27.2 percent against the figures of 2007.

In the period under review, exports to Asian countries accounted for 50 percent of the total turnover largely due to hike in prices of crude oil.

Almost all the key staples witnessed a strong growth including crude oil which was up by over 60 percent. While textile and garments saw a surge of 19 percent, footwear sector experienced a rise of 13.4 percent.

In April 2008, export turnover for footwear in particular stood at $330 million registering an increase of 5.4 percent over the previous month and of 17 percent compared to the same month last year.

Turnover during the first four months touched $1.35 billion marking a year on year increase of 15.7 percent. US remained the biggest market fetching exporters revenues amounting to $308.86 million followed by Netherlands and Belgium bringing in $110.37 and $100.24 million respectively.

For footwear statistics click here

Fibre2fashion News Desk - Vietnam

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