Sign up | Log in



Home >> Daily News >> Vietnam News >> Trade >> Vietnam: Garment exports seen rising on price competitivenes

NEWS UPDATES 22-24 May 2010

Vietnam: Garment exports seen rising on price competitiveness

Related Stories

May 14, 2010
Vietnam to resume shipping tra fish to Russia

April 25, 2010
Vietnam asks WTO to probe US shrimp duties

April 24, 2010
Vietnamese businesses to enter EU market

April 12, 2010
Vietnam plans 2m tonnes of rice export in second quarte

March 13, 2010
Vietnamese traders warned of rise in anti-dumping suits

March 9, 2010
Vietnamese leader wants FTA with US

Vietnam’s garment industry has a worldwide reputation for making competitively priced and high quality garments, VietNamNet Bridge reported, quoting a survey conducted by the US-based non-profit group Kearny Alliance.

To maintain global competitiveness, 65 percent of garment suppliers would keep export price hikes below 5 percent until the end of this year, and 48 per cent expect to maintain export quotas, according to the survey.

Industry experts who were interviewed for the survey said there was a general sense of optimism, especially as demand from key markets like the US is expected to increase in the near future.

Vietnam is one of the world’s most important supply centres of garments, with a large number of well-established international apparel and retail brands sourced from its factories.

Vietnam also boasts an expansive pool of skilled workers and automated manufacturing facilities that use equipment imported from Japan, Taiwan and South Korea, according to the Kearny Alliance report.

The country ranks as the fifth-largest exporter of clothing in the world, according to figures from the World Trade Organisation. Of all outbound shipments from the country, garments account for about 15 percent.

Brisk domestic and foreign demand has helped the garment industry become the second-largest export earner for Vietnam, after crude oil.

According to the government’s figures, the country shipped more than $9 billion worth of garments and textiles to overseas destinations in 2010, showing an 18 percent growth compared to the previous year.

Of many overseas destinations, the US remains the largest export market for Vietnam, accounting for more than 56 percent of sales this year.


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

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

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand