Chuck Kuhn's Asia in Photos: Vietnam’s apparel exports to US to hit US $6.1bil this year

Wednesday, February 27, 2008

Vietnam’s apparel exports to US to hit US $6.1bil this year

The US Chamber of Commerce Vietnam forecasts that Vietnam will take Mexico and India to rank second, only after China, in terms of apparel exports to the US, with export turnover hitting US $6.1 billion, if the present trend continues. Vietnam’s market share is predicted to growth rapidly from 3.2% (fifth place) in 2005 to about 6% and second place in 2008.
In 2007, Vietnam ranked fourth as a supplier to the US apparel market, up from fifth position in 2006, behind China, Mexico, India.
According to statistics from the Ministry of Trade and Industry, Vietnam’s exports of apparel products to the US reached US $4.5 billion last year, exceeding crude oil export turnover, despite US’s application of a program to monitor imports of apparel from Vietnam, thus, Vietnam has had to work out an export monitoring programme to cope with this.
This year, Vietnam targets to earn US $9.5 billion from exports of apparel products, up 21.8% against 2007.

No comments:

Post a Comment

They say "

“I can’t say what made me fall in love with Vietnam - that a woman’s voice can drug you; that everything is so intense. The colors, the taste, even the rain. Nothing like the filthy rain in London. They say whatever you’re looking for, you will find here. They say you come to Vietnam and you understand a lot in a few minutes, but the rest has got to be lived. The smell: that’s the first thing that hits you, promising everything in exchange for your soul. And the heat. Your shirt is straightaway a rag. You can hardly remember your name, or what you came to escape from. But at night, there’s a breeze. The river is beautiful. You could be forgiven for thinking there was no war; that the gunshots were fireworks; that only pleasure matters. A pipe of opium, or the touch of a girl who might tell you she loves you. And then, something happens, as you knew it would. And nothing can ever be the same again.”
― Graham Greene, The Quiet American

Tips on Travel to Vietnam

It's always warm in Southeast Asia apart from high mountains, so leave the heavy clothing at home. Cotton and breathable fabrics are always better than synthetics -- although cotton does wrinkle a lot when traveling! December through April is roughly the dry season in that region, although it can still rain a little. December is a good time to go in terms of temperature -- cooler than in the humid summertime. Either way, wearing more clothing (shirt sleeves and long pants) is always more respectful towards the Asian culture, especially when visiting temples and rural areas.