The U.S. and European Union received 70 percent of Vietnam’s garment and textile exports in 2008, but orders dropped sharply in the first four months of 2009. However, Diep Thanh Kiet of the HCM City Association of Garment-Textile Embroidery-Knitting industries says many association members had orders through the summer. Japan is importing more Vietnamese products, becoming the target market as a free trade agreement eliminates tariffs between the two countries. Exports to other Asian markets have recently risen by 20 percent.
Vietnamese textile exports recovering
Industry News | September 1, 2009 | By: IFAI
You might also like...
OSHA administers $11.7 million in training grants
Bluesign and SCTI develop sustainable chemistry index
EURATEX president Paccanelli re-elected
Textile groups urge U.S. to maintain penalty tariffs on China
U.S. ports remain at near-record volume as West Coast contract deadline approaches
Sustainability specialist Ullhas Nimkar new president of SDC