High textile-garment export targets for 2009 (28/08)
06/08/2010 - 22 Lượt xem
To achieve this target, the industry needs breakthrough projects, the Deputy Minister stressed.
He predicted a future increase in prices of textile and garment products as an advantage for the industry to achieve the target.
The Vietnam Textile and Garment Group (Vinatex) forecasts a breakthrough in Vietnam’s export to Japan as the two countries will sign a bilateral trade agreement in late September that will take effect in 2009.
Under the agreement, Japan will reduce its import tariff from 10 percent at present to zero percent for Vietnamese textiles and garments using materials of Vietnamese or ASEAN origin.
In addition, the fact that the US Department of Commerce (DOC) has confirmed no proof of Vietnam’s apparel dumping after its two investigations in October 2007 and June 2008 is also a good signal.
The Ministry of Industry and Trade, however, has warned businesses to keep a close watch of their exports to the US market, advising them to diversify outlet markets while maintaining traditional ones.
According to experts, the industry’s target of 9.5 billion USD in export value for this year is within its reach.
The figure for the first eight months of the year is estimated at 6.04 billion USD, up 20 percent year-on-year, keeping textiles’ and garments’ second position among Vietnam’s export staples after crude oil.
During the period, the sector saw a rise in export turnover in almost all of its major markets, particularly the Republic of Korea, Turkey, Ukraine, Brazil and Argentina .
The US market, despite a slight decrease, was still the biggest importer, contributing 57 percent to Vietnam’s export value, followed by the EU with 18 percent and Japan with 9 percent.
According to the Ministry of Industry and Trade, Vietnamese exporters received much more orders this year thanks to quality products and on-time delivery.
Source: VNA
