Home / Knowledge / News / Textiles / “Tap smaller markets” - experts

“Tap smaller markets” - experts

18
Oct '08
Vietnam
There are still a few optimists in Vietnam who believe that adversities created by the economic turmoil can be converted in to opportunities and that there is till hope to achieve the targets set for 2008.

Despite the crisis, exports to the US have maintained a steady growth; albeit lower than that of last year. Shipments to the US have grown at 17.8 percent in the period January-August 2008, which is considerably lower than 25.7 achieved in the same period of the previous year.

On one hand, exports to France have slowed down due to lower consumption; shipments to Belgium have also witnessed a dip of 12.56 percent in the period under review. Experts advise Vietnamese exporters to improve their competitiveness and in turn cut their prices to stay afloat and weather the storm.

This is the period they add by saying, when countries will try to put tariff barriers in order to protect their domestic industries. This is the time to diversify and explore new smaller and hitherto untapped markets of Asia, Africa etc., since the impact of the turmoil is going to be lesser than those in bigger markets, they aver.


Fibre2fashion News Desk - Vietnam


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Oct 2020

Italy clears stimulus package to help pandemic-hit economy

Italy recently approved a new stimulus package in its 2021 budget to...

Pic: Shutterstock

Retail | On 20th Oct 2020

US retail sales growth speeds up, Sept 4th month of gains

A strong rebound in apparel led a continuing V-shaped recovery as...

Pic: Shutterstock

Textiles | On 20th Oct 2020

China building more competitive mulberry silk industry

China is striving to build a more competitive mulberry silk industry...

Interviews View All

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Textile Industry, Head honchos

Textile Industry
Head honchos

Consumer sentiment will be conservative after lockdown

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Alessandro Marengo,

Alessandro Marengo

Founded in 1974, Italian firm Zaitex SpA is one of the leading suppliers...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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


October 2020

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


Advanced Search