Garment makers secure more export contracts
A number of Vietnamese garment and
textile enterprises have won contracts to export their products till
the end of October this year, according to the Vietnam Textile and
Apparel Association (Vitas).
A number of Vietnamese garment and
textile enterprises have won contracts to export their products till
the end of October this year, according to the Vietnam Textile and
Apparel Association (Vitas).
According to Vitas, orders from Japan increased sharply, making Japan the largest importer of Vietnamese garment products.
At present, the sector exports 33.3 percent of its products to Japan , 23 percent to the US , 26.5 to the EU, and 17.2 to other markets.
Vitas Vice President Pham Xuan Hong said that as the sector’s largest market, the US , has shrunk, Vietnamese enterprises are exerting their efforts to find new outlets.
At present, the Middle East is the largest market for Vietnam ’s cotton clothes and Russia is the market for children’s wear, jeans and jackets. Export value to those new markets have recently increased by about 5 percent of the sector’s total export value.
The Apparel Export Promotion India (AEPC) has forecast that Vietnam ’s garment and textile export value may reach 10.98 billion USD this year as compared to 8.4 billion USD in 2008.
It added that the target of earning 9.5 billion USD is not feasible, but the value of 9-0.1 billion USD of 2008 is reachable./.
According to Vitas, orders from Japan increased sharply, making Japan the largest importer of Vietnamese garment products.
At present, the sector exports 33.3 percent of its products to Japan , 23 percent to the US , 26.5 to the EU, and 17.2 to other markets.
Vitas Vice President Pham Xuan Hong said that as the sector’s largest market, the US , has shrunk, Vietnamese enterprises are exerting their efforts to find new outlets.
At present, the Middle East is the largest market for Vietnam ’s cotton clothes and Russia is the market for children’s wear, jeans and jackets. Export value to those new markets have recently increased by about 5 percent of the sector’s total export value.
The Apparel Export Promotion India (AEPC) has forecast that Vietnam ’s garment and textile export value may reach 10.98 billion USD this year as compared to 8.4 billion USD in 2008.
It added that the target of earning 9.5 billion USD is not feasible, but the value of 9-0.1 billion USD of 2008 is reachable./.
You should also see
Hmong ethnic people preserving traditional blacksmithing
Long Hay, in Muong Phang, Dien Bien Phu city, Dien Bien province, is a village inhabited by Hmong ethnic people. Some local families have continued the traditional craft of forging agricultural tools.
See more
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
Business
Vietnam ranks fifth among aquatic product suppliers for Singapore
Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Business
Forum seeks ways to boost exports amid external challenges
Experts gathered at a forum in Ho Chi Minh City on April 25 to seek ways to untangle knots in terms of capital and market for exporters in the context that the ongoing conflicts in many regions are disrupting international trade.
Business
Enterprises want clearer regulations on seafood production
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Business
World economy’s recovery drives Vietnam’s exports
With the recovery of the world market and increasing orders, Vietnam's import and export activities in the first quarter of 2024 prospered and achieved positive results.
