VIETNAM: Textile and garment exports surge 21.9% in Q1
Vietnam's textile and clothing exports jumped 21.9% year-on-year in the first quarter of 2014 to reach $4.53bn, according to the country's General Statistics Office.
Shipments in March alone surged 27% to $1.6 bn, the data showed.
The state-owned Vietnam National Textile and Apparel Group (Vinatex) remains the largest contributor to exports, accounting for $725m during the three-month period, up by 12% on the year before.
Strong growth was seen in all major export markets, including the US (up 15%), the EU (up 21%), Japan (up 14.8%) and South Korea (up 35%) against same period 2013. These are the biggest export markets respectively.
During the period, Vietnam spent $1.8bn on importing fabric for local production.
Apparel specialist retailers witnessed a current value decline of 6% from 2011 to reach sales of below VND23 trillion in 2012. Decline was due to the economic slowdown. In 2012, the Vietnamese economy...
- Speed to market key to Adidas 2020 growth plan
- SuperGroup to adapt sourcing model for speed
- Cutting-edge companies focus on consumer needs
- SOURCING: Production problems weigh on Pakistan
- What next for smart fabrics and garments?
- Lululemon Athletica on “strong growth” track
- PVH “pleased” after swinging to Q4 profit
- Organic cotton assessment tool launches
- Swedish textile water project to expand globally
- El Corte Ingles to accelerate time to market
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Outdoor performance apparel: peaks, valleys, and green fields
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead
- Global market review of swimwear - forecasts to 2019