Posting an export turnover of 8 billion USD in the first nine months ofthis year, garments continued taking the lead amongst export staplessince the beginning of 2009.
The export of garmentsto the Republic of Korea saw the highest growth rate of 84 percent,mainly thanks to a reduction in tariff in line with the ASEAN-RoK FreeTrade Agreement, while the export to the US , which accounts for 55percent of the industry’s revenues, also grew by 20 percent.
In particular, garment exports to the European market have bouncedback in the past three months, at 7 percent, following a long period ofdropping.
Vice Chairman of the Vietnam Garments andApparel Association (Vitas) Le Van Dao said a number of domestic garmentcompanies have received orders for the first half of 2011, plus priceshave risen by 10-15 percent year-on-year.
Arepresentative of the Ho Chi Minh City-based Viet Hung Garment JointStock Company said the business has recently signed contracts to export1.2 million items to Japan in early 2011.
Vietnam ’s garment firms will also have the opportunity to boostexports and investments to Laos and Cambodia as the European Union(EU) has decided to grant references in terms of material origin to thetwo nations.
With these advantages, Dao said theindustry is likely to reach the yearly target of 10.5 billion USD inexport turnover right in November.
To achievesustainable development, garment businesses have also paid due attentionto the domestic market by participating in programmes which aredesigned to encourage local consumers to use Vietnamese goods and bringVietnamese goods to rural areas.
Many supermarketsunder the Vietnam Garment and Textile Group have embarked on plans toexpand foothold in the domestic market in an effort to record a retailsale growth rate of between 17-20 percent in 2010./.
The export of garmentsto the Republic of Korea saw the highest growth rate of 84 percent,mainly thanks to a reduction in tariff in line with the ASEAN-RoK FreeTrade Agreement, while the export to the US , which accounts for 55percent of the industry’s revenues, also grew by 20 percent.
In particular, garment exports to the European market have bouncedback in the past three months, at 7 percent, following a long period ofdropping.
Vice Chairman of the Vietnam Garments andApparel Association (Vitas) Le Van Dao said a number of domestic garmentcompanies have received orders for the first half of 2011, plus priceshave risen by 10-15 percent year-on-year.
Arepresentative of the Ho Chi Minh City-based Viet Hung Garment JointStock Company said the business has recently signed contracts to export1.2 million items to Japan in early 2011.
Vietnam ’s garment firms will also have the opportunity to boostexports and investments to Laos and Cambodia as the European Union(EU) has decided to grant references in terms of material origin to thetwo nations.
With these advantages, Dao said theindustry is likely to reach the yearly target of 10.5 billion USD inexport turnover right in November.
To achievesustainable development, garment businesses have also paid due attentionto the domestic market by participating in programmes which aredesigned to encourage local consumers to use Vietnamese goods and bringVietnamese goods to rural areas.
Many supermarketsunder the Vietnam Garment and Textile Group have embarked on plans toexpand foothold in the domestic market in an effort to record a retailsale growth rate of between 17-20 percent in 2010./.
