Sign up | Log in



Home  >>   Daily News  >>   Vietnam  News  >>   Economy  >>   Vietnamese textiles thrive
NEWS UPDATES Asean Affairs        4  April 2011

Vietnamese textiles thrive

Related Stories

April 1 , 2011
Vietnam its banks orders SOEs to sell dollars

March 1, 2011
Vietnam trade in gold bars banned

February 25, 2011
Vietnamese PM outlines inflation measures

February 19,2011
Viet policymakers urge action on inflation and trade deficit

The volume of apparel orders and prices has increased, catapulting Vietnam to among the five largest countries in apparel export revenue. This means that the Vietnamese garment and textile sector will be able to realize the target of exporting US$12.5-13 billion of apparel products.

In the first two months of this year, the export revenue of the garment and textile sector reached a record high of US$2.2 billion, an increase of 54.2 percent from the same months of last year. Apart from an increase of export volume, the apparel price rose 20 percent. Domestic garment and textile companies such as the Viet Tien Garment Joint Stock Corporation, Garment 10 Joint Stock Company and Nha Be Corporation have obtained orders until the end of the third quarter of this year.

Pham Xuan Hong, the Deputy Chairman of Vietnam Textile & Apparel Association (VITAS) and the chairman of the Ho Chi Minh City Association of Garment, Textile, Embroidery and Knitting, said that from January 2011, most of the businesses in the association have booked orders through the second and third quarters of 2011. At present, the price of materials, electricity, labor and transport costs have considerably increased. This requires businesses to be more cautious when calculating prices and making efforts to reduce other production costs to guarantee increased business efficiency. Material importers have negotiated reduced prices, helping domestic producers overcome difficulties.

Furthermore, garment and textile businesses have seen successes in major export markets of the US, the EU and Japan. In 2010, the sector reached an export value of nearly US$11.2 billion with export value to the US accounting for US$6 billion, an increase of 22 percent compared to 2009. VITAS estimated that in 2011, Vietnamese apparel market share in the US will increase by 4.6-5.1 percent.

Vietnamese businesses faced a lot of challenges in the EU, however they still experienced a growth of 18 percent in export value from last year to US$1.8 billion. It is estimated that Vietnamese garment and textile sector will have many development opportunities in this market in the few next years.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    4  April 2011 Subsribe Now !
• Businesses Agree to Late-Night Power Discount
Subcribe: Asean Affairs Global Magazine
• Indonesian fire causes fuel shortage Asean Affairs Premium
• Bond season arrives in Malaysia
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Corporate takeovers in Philippines
• Singapore border traffic improves

• THAI should exit state-enterprise status

• Recycling works in Bangkok community 

• Vietnamese textiles thrive p

Asean Analysis    April 2011

Advertise Your Brand

• Policy Director, International Rivers

Sponsor Our Events

Asean Stock Watch    April 2011


• Strong Week in Asean


Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand