Domestic revenue of Vietnam apparel market rises 15% in 2011

Vietnam Textile and Garment Group on December 28 reported that this year, the domestic revenue of its companies is estimated to have reached 17.2 trillion dong, growing 15% against 2010.
In 2010, Vinatex’s domestic revenue reached 14.960 trillion dong. The enterprises which gained the domestic revenues of over 1 trillion dong included Phong Phu with 2.175 trillion dong and Viet Thang 1.199 trillion dong.

Earlier, Le Tien Truong—Deputy General Director of Vinatex told the press that although people had to tighten spending, the industry still obtained a quite high growth rate. This showed that Made-in-Vietnam apparel products achieved the solid position in the domestic market.

According to the latest study of Niesel—the provider of information on measuring communication and market indicators, up to 90% of surveyed people in HCM City and 83% in Hanoi said they might or would likely buy more Vietnamese commodities.

The reasons making consumers to focus on domestically made products are suitable prices, diversified products, promotion services, good guarantees and health safety.

In 2012, Vinatex targets to reach growth rate of 18-20% in domestic revenues.

The group and its affiliates now have expanded to 3,445 sales points, 60 Vinatex-mart outlets, and trade centre. – Vietbiz24

Tags: Vietnam Apparel, Vietnam Apparel Exports

Posted by VBN on Dec 30 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