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Vietnam Formulating Export Target Of $15 Billion In 2012

2011/12/12 11:01:00 31

According to Vietnam's garment and textile group (Vinatex), Vietnam exported 2011 US dollars in the first 10 months of this year (11 billion 700 million).

Textile products

Accounting for 17% of Vietnam's total export volume in the period, Vietnam will be able to achieve the annual export target of 13 billion 500 million US dollars in cost.

The main reason for Vietnam's success in this year's plan is that Vietnamese textile manufacturers carry out good information forecast and consolidate their efforts in textile market.

Vietnam?

Textile products exported to foreign markets and new market for textile products.

Vietnam can still maintain its exports to the European Union, the United States and Japan.

market

By the end of October this year, Vietnam's exports to the European Union, the United States and Japan increased by 41%, 14% and 52% respectively over the same period last year. Vietnam also handed out good pcripts for newly developed textile markets such as Korea, Taiwan and Canada in the first 10 months of this year. Vietnam had exported 753 million US dollars to South Korea during that period, up 128% from the same period last year.

The Vietnam garment and Textile Association predicts that in the year of 2012, it will be able to export 15 billion US dollars, which is 10% to 12% higher than that of last year. The European Union, the United States and Japan still represent a major market for Vietnam's textile exports, accounting for 80% of the total export volume of textiles. However, the annual output of Nanming's textile products will have to face many impacts, such as the macroeconomic development policy of Vietnam, the global economic recovery and the impact of complex European bonds. Especially because of the decline in the global ready-made textile industry, the unit price of textile products will also decline, so that the amount of textiles exported to Vietnam next year will not grow as much as 12% this year.

Vietnam's clothing and textile industry, in order to achieve the export of US $15 billion export, should reduce the OEM of foreign textile products and increase the ODM ratio, so as to increase the economic value of the textile products, continue to consolidate and develop the traditional market of Vietnamese textile exports, strengthen the opening up of the Russian, Canadian and Korean textile markets, and also enhance the self-control rate of the industry, and use the PE fibers produced by domestic manufacturers to reduce the imports of related raw materials (estimated to save us $300 million per year for imports of the raw materials), strengthen the use of domestic manufacturing machinery and equipment, lower production costs, expand the area of cotton seed to 15 thousand hectares, and formulate a policy of remuneration for the recruitment of workers.