Vietnam Import Export News

Advertisements

Random Post

• Hanoi fails to halt building of skinny houses
• Rubber group launches tree planting project in Cambodia
• National Assembly rejects bullet train project
• Ministry plans massive salt purchase to prop up prices
• Moodys Keeps E+ Financial Strength Rating For BIDV
• Stop Toy designing branch of the Hanoi University of Industrial Fine Arts

Vietnam Import Export News

Vietnam Business » Vietnam Import Export News » Vietnamese clothing exports by 17.4 percent

Vietnamese clothing exports by 17.4 percent

Vietnam earned 5.87 billion U.S. dollars from garment exports in the first seven months of this year, an increase of 17.4 percent. The country has also experienced positive growth in the export markets in the same period last year, Vietnams garments and apparel Association (Vitas).

The Republic of Korea (ROK) on top of the list of markets with a growth rate of 80 percent through the reduction of tariffs in line with the agreement of the ASEAN-ROK Free Trade Zone. It was followed by ASEAN, with a growth rate of 30 percent, the U.S., Japan, 23 percent and 15 percent. In addition, domestic enterprises have begun to send materials, abroad, including fibers, not only finished products as before. The Chairman of Vitas, Le Quoc An, said many companies had contracts for the third quarter and some have even received for the whole year and the prices rose by 10-15 percent per year. The industry can achieve its annual target of 10.5 million dollars in sales for export, including U.S. $ 1.8-1900000000-fibrous, "he said. To ensure sustainable development, companies must make every effort to increase domestic sales, with an average annual growth rate of between 15-18 percent. General Director of Vietnams Vu Duc Giang Clothing and Textiles, said the group of the industry amounted to 6 billion VND in the first half of the market, year after year by 28 percent. The industry now has more than 1,500 stores and dealers throughout the country. Many companies, including May 10, Nha Be, Viet Tien Thang Long, and have opened shops to sell customized products and linked with others to develop chain stores.

Vietnam Business And Financial News Network. Source [english.vietnamnet.vn]

More Vietnam Import Export News:

• High interest rates hinder export loans
• Vietnam cautiously exports steel pipe to the US
• Exports to free-trade areas rise by 54% over last year
• Vietnams exports to Japan surge
• China yuan policy change may boost Vietnam exports
• Vietnam halts import of cars with changed VINs
• Vietnam rice exports to peak in third quarter
• Agro-forestry and aquatic exports pick up
• Vietnams export levels bear little impact from European debt crisis
• Export growth headed for double digits

Popular Vietnam Business News

Vietcombank H1 Pretax Profit of VND2,450B Meets 75 per cent of Year's Target

The Joint Stock Bank for Foreign Trade of Vietnam (VCB) made pretax profit of VND2,450 billion in the first half this year, fulfilling 75 per cent of its yearly target,

Bank For Agricultural Of Ho Chi Minh City

These are some of the leading stories in the official Vietnamese press on Tuesday. Reuters has not verified these stories. -- Partly private Dong A Bank said it made a

PetroVietnam Asked to Rebuild Financial Plan for Dung Quat Refinery

The US$3.1-billion refinery has to date produced gasoline A92, kerosene, diesel oil, and liquefied petroleum gas (LPG) for the market. The plant had sold a total of 5,630 tons of

Sheraton set for Nha Trang market entry

The Sheraton Nha Trang, located in the central coastal city of Khanh Hoa Province, will host its soft opening on March 19 to welcome both business and leisure travellers. The

Dana - Italy Steel JSC applies for listing shares on northern bourse

Hanoi Stock Exchange (HNX) announced to receive application profile for listing 15 million shares of Dana - Italy Steel Joint Stock Co on March 19, 2010. The company with chartered

Low-income Apartment Segment Attracts Investors

While the apartment block segment has not yet seen recovery; low-cost houses are attracting speculators attention, which has helped to form a sudden price hike in realty in the west

Vietnam garment exports set to rise as industry holds line on prices

Viet Nams garment industry has a worldwide reputation for making competitively priced and high quality garments, a survey conducted by the US-based non-profit group Kearny Alliance has found.

Vienam eeal estate developers race to build skyscrapers

Thirty-seven, sixty-eight, seventy, even 102 storeys - in Hanoi and Ho Chi Minh City, bigger and bigger buildings are reshaping the skyline. Most skyscraper projects have been developed by heavyweights

Advertisement