Vietnam earned 2.7 billion USD from exporting garments to the USin the first half of this year, an annual increase of 15 percent, afterdropping last year.
According to the Vietnam Textilesand Apparel Association (VITAS), garments are Vietnam ’s major exportstaple and account for the largest proportion of the country’s totalexport value to the US , with 43 percent in the 2005-2009 period.
So far this year, garment exports to the US have madeup 57 percent of the sector’s total export value.
Clothingmade in Vietnam is becoming more popular with US consumers. The USInternational Trade Commission (USITC) has also reported that Vietnamis one of the Asian countries able to compete with China in thearea.
The US Association of Importers of Textiles and Apparelchooses Vietnam second after China when seeking garments from Asia.
VITAS has forecasted that the US will continue tobe Vietnam’s leading export market for garments, with an estimatedexport value of 5.9 billion USD, accounting for 56 percent of thesector’s total export value.
However being second amongst thegarment exporters to the US, the value of Vietnam’s textilesexports accounts for only six percent out of the total 100 billion USDthat the US market imports every year, according to VITAS.
To improve the situation, VITAS has recommended thatbusinesses pay more attention to increasing the value of their products,restrict outsourcing, strengthen ties with US importers and advertisetheir products more widely.
Vietnam will nowattend the world’s largest garments and textiles fair, called Magic,which is held in Las Vegas every February and August.
In mid-August, a delegation of 20 Vietnamese garments enterprises isscheduled to attend the fair and make a fact-finding tour of the USmarket./.
According to the Vietnam Textilesand Apparel Association (VITAS), garments are Vietnam ’s major exportstaple and account for the largest proportion of the country’s totalexport value to the US , with 43 percent in the 2005-2009 period.
So far this year, garment exports to the US have madeup 57 percent of the sector’s total export value.
Clothingmade in Vietnam is becoming more popular with US consumers. The USInternational Trade Commission (USITC) has also reported that Vietnamis one of the Asian countries able to compete with China in thearea.
The US Association of Importers of Textiles and Apparelchooses Vietnam second after China when seeking garments from Asia.
VITAS has forecasted that the US will continue tobe Vietnam’s leading export market for garments, with an estimatedexport value of 5.9 billion USD, accounting for 56 percent of thesector’s total export value.
However being second amongst thegarment exporters to the US, the value of Vietnam’s textilesexports accounts for only six percent out of the total 100 billion USDthat the US market imports every year, according to VITAS.
To improve the situation, VITAS has recommended thatbusinesses pay more attention to increasing the value of their products,restrict outsourcing, strengthen ties with US importers and advertisetheir products more widely.
Vietnam will nowattend the world’s largest garments and textiles fair, called Magic,which is held in Las Vegas every February and August.
In mid-August, a delegation of 20 Vietnamese garments enterprises isscheduled to attend the fair and make a fact-finding tour of the USmarket./.
