VIETNAM: Joins world's top ten textile and apparel exporters
Vietnam has joined the list of the world's top ten textile and garment exporters following sharp and stable growth in recent consecutive years, according to a report by Italy's Biella Chamber of Commerce and Industry.
According to the chamber, Vietnam stood tenth in a league table topped by China and followed by the EU, Turkey, India, Mexico, Hong Kong, Bangladesh, Indonesia and the US.
Vietnam had stood at 16th among 153 textile and apparel manufacturing and exporting countries at the beginning of 2006.
The growth can be attributed to strong exports, twinned with slow development of several rival countries, said Nguyen Son, vice chairman of Vitas, the Vietnam Textiles and Apparel Association.
"In the first three quarters this year, Vietnam's textile and apparel exports turnover enjoyed a year-on-year growth of 31%, showing a very high and stable growth in comparison with all other countries in the world."
Although Vietnam suffered technical barriers set by the US - the biggest consumer of Vietnam-made textile and apparel products - local government and enterprises have so far prevented an anti-dumping levy from the US government.
In addition, abolishing export quotas to the EU from early 2005 has helped Vietnam promote its shipments here.
By the end of 2006, Vietnam had 2,000 textile and apparel enterprises, employing around 2m workers in Ho Chi Minh city and Hanoi.
By Ngo Tuan.
Vietnam ranked as one of the top five apparel suppliers to the EU last year, helped by falling prices and curbs on shipments from China. According to a new report by Textiles Intelligence, Vietnam’s E...
Sri Lanka's apparel industry is pinning its hopes on its 'Garments without Guilt' initiative to give it a competitive edge as an ethical producer in a crowded international market. It's a bold stance,...
Executives from two of Thailand's leading trade associations are forecasting a 10% growth in the country's garment exports this year, thanks largely to an Economic Partnership Agreement (EPA) with Jap...
Inflation's back, and for retailers with slowing sales it couldn't have chosen a worse time to rear its head. Rising costs are hitting practically all apparel suppliers, and buyers will need to start ...
Time was when the Chinese clothing industry was all about exports. Nowadays, though, rising costs, savvy competitors, and growing domestic clothing sales mean low wage south Asian countries are eyeing...
Despite concerns from non-governmental organisations and trade unions in the West about India's credentials when it comes to sweatshop labour and basic workers' rights, the country is eyeing ambitious...
Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story....
Subsidies will continue to be paid to European Union (EU) producers of flax and hemp fibre crops, the EU Council of Ministers has decided....
- Steps to piloting living wage in garment factories
- How to ensure sustainability is more than a slogan
- Trump blows the case for Brexit out of the water
- US apparel retailers' November 2016 sales roundup
- Duty-free trade key to build Africa supply chains
- US Q3 in brief – Destination Maternity, Cherokee
- Esquel efficiency drive continues to boost brands
- Taiwan textile maker investing in first US plant
- Outdoor apparel sector set for double-digit growth
- Myanmar garment industry "lacking labour rights"