Apparel export expected to surpass 2011 target

Vietnam’s apparel export in 2011 is forecast to surpass the target of $13 billion soon thanks to favourable conditions in foreign markets including US, EU and Japan, the Saigon Giai Phong newspaper reported.
The whole sector earned $6.16 billion from exports during the first half of 2011, growing 30% year-on-year. Vietnam Textile and Garment Group (Vinatex) particularly achieved $1.22 billion, up 32% and fulfilling 53% of its entire year plan.

Vietnam’s apparel export to US grew 29% against the same period of 2010, lifting its market share in the foreign market to 8%.

Apparel sector has brought in high surplus value despite a sharp surge in prices of imported materials. In Jan-June, Vietnam recorded a trade surplus of almost $2.1 billion in the sector.

This year Vietnam’s apparel export could reach $13.2-13.5 billion. – Vietbiz24

Tags: Vietnam Apparel, Vietnam Apparel Exports

Posted by VBN on Jun 27 2011. Filed under Garment Textile. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry