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Imports of textile & garment products decline

28
Nov '08
Due to financial down turn and slower demand in the market, in November, import of materials for the local production witnessed a sharp decline; especially fabric imports plunged by 7.5 percent in these 11 months.

In the period from January to November of the ongoing year, import turnover of all materials basically required in the textile, garment and footwear industries stood at $2.2 billion, depicting a surge of 13.3 percent over similar period previous year.

In the month of November this year, the country's total imports turnover is estimated at $4.8 billion, representing a year–on–year hike of 6.3 percent.

The Ministry of Industry and Trade has recently reported that Vietnam earned US $8.4 billion from exporting textile and garment products during the period from January to November, registering a growth of 19.1 percent year-on-year.

Fibre2fashion News Desk - Vietnam


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