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Vietnam on top list of apparel retail destinations (04/08)
06/08/2010 - 21 Lượt xem
“Ready to take off, Vietnam could challenge India’s dominant position,” the newspaper said, adding that Vietnam burst on to the textile scene about five years ago with low wages and a strong consumer market receptive to global brands.
On export front, cost competitiveness has given Vietnam an advantage over India, it said, citing Secretary General of Confederation of Indian Textile Industry D K Nair as saying that textile manufacturers are shifting base to the Southeast Asian country due to lower production costs.
Vietnam’s young population has increased consumer spending by more than 75% between 2000 and 2007, and is now attracting global brands to set shops there, the newspaper added.-Enditem
Nguồn: VNA
