Garment exports on target

Workers make clothes for export at a factory in the northern province of Ninh Binh. The textile and garment industry is on track to reach its annual export target of US$10.5 billion by November. — VNA/VNS Photo Tran Viet

HA NOI — The textile and garment industry will meet its annual export target of US$10.5 billion by November, said vice chairman and general secretary of the Viet Nam Textile and Apparel Association (Vitas) Le Van Dao.

Dao estimated that the industry would earn more than $1 billion each month in the fourth quarter.

September was the third consecutive month the industry fetched more than $1 billion from exports, bringing the sector's total export value in the first nine months of this year to more than $8 billion, a year-on-year increase of 20.6 per cent, according to the General Statistics Office.

Dao said many garment exporters had orders for the end of this year and even for the beginning of next year.

Over the past nine months, exports to the big markets have recorded high growth. Exports to the US increased 22.1 per cent to $3.94 billion while the rising figures to the EU and Japan were 6.7 per cent and 14.3 per cent to $1.18 billion and $691 million, respectively.

Exports to North Korea surged 64 per cent thanks to the impact of its Free Trade Agreement with ASEAN.

However, Pham Xuan Hong, Vitas deputy chairman, said the garment industry was facing a shortage of labour and an increase in the price of transport and power.

A surge in the price of cotton on the world market also had a negative impact on the industry. A tonne of cotton has risen 45 per cent since the same period last year to $1,900-2,000 while the industry has to import up to 95 per cent of its cotton. The industry imported 260,000 tonnes of cotton in the first nine months of the year and estimates that figure will reach roughly 370,000 tonnes by the end of the year.

Hong said garment exporters were seeking new sources from Japan and ASEAN countries in order to enjoy preferential taxes.

To fulfil the target of $19 billion from exports by 2015 and $25 billion by 2020, the garment sector is actively implementing programmes related to cotton cultivation to increase domestic supplies and develop human resources to meet the increasing demands of the sector.

The sector is also promoting its trademark and setting up distribution networks nationwide to take a firm foothold in the domestic market. — VNS

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Apparel exporters to pass benchmark

The textile and garment sector's export value is expected to earn US$7.5 billion during the first nine months, a 17 percent increase against the same period last year, reports the Vietnam Textile and Apparel Association.

The industry is likely to surpass its scheduled $10.5 billion benchmark for the year.

The sector's solid performance is attributed to an increase in orders from foreign clients and the products' prices increased by 15-20 percent.

Export growth to the European market keep stagnant, while other markets remain accelerating during the period.

The country's export to the US market increases around 20 percent and to Japan raises by 15 percent and to ASEAN nations goes up by 17 percent.

Especially, the trade agreement between ASEAN with the Republic of Korea has helped boost Vietnamese garments' export to the market with the sharp increase of 80 percent.

The association reported that many garment makers had so far received enough orders for export this year, and signed contracts for export next year.

However, the association claimed that the early orders may shrink profit of the enterprises amid on-rising prices of input materials, accessories and higher salaries.

To satisfy increasing demand of international contracts, ten companies under the Vietnam National Textile and Garment Group (Vinatex) have recently made production expansion investments to meet increasing orders from foreign partners as well as higher demand at the local market.

The Nha Be Garment Joint stock Co has approved a plan to inject thousands of billions of dong to implement tens of projects on textile, garment, washing and dyeing.

The Dap Cau Garment Joint Stock Co invested nearly VND100 billion ($5.13 million) in a new factory in the northern province of Bac Ninh. It was put into operation in February and has the capacity to produce 9 million products annually.

Nguyen Dang Luan, chairman of Dap Cau Co, said the new facility would help the firm meet the rising number of export contracts.

"When the factory was prepared to begin operating the first 16 production lines the firm had already signed export deals for the whole year with three partners, generating 1,800 jobs," Luan said.

 

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Apparel exporters to pass benchmark

The textile and garment sector's export value is expected to earn 7.5
billion USD during the first nine months, a 17 percent increase against
the same period last year, reports the Vietnam Textile and Apparel
Association.

The industry is likely to surpass its scheduled 10.5 billion USD benchmark for the year.

The sector's solid performance is attributed to an increase in orders
from foreign clients and the products' prices increased by 15-20
percent.

Export growth to the European market keep stagnant, while other markets remain accelerating during the period.

The country's export to the US market increases around 20 percent
and to Japan raises by 15 percent and to ASEAN nations goes up by 17
percent.

Especially, the trade agreement between
ASEAN with the Republic of Korea has helped boost Vietnamese
garments' export to the market with the sharp increase of 80 percent.

The association reported that many garment makers had
so far received enough orders for export this year, and signed contracts
for export next year.

However, the association
claimed that the early orders may shrink profit of the enterprises amid
on-rising prices of input materials, accessories and higher salaries.

To satisfy increasing demand of international
contracts, ten companies under the Vietnam National Textile and Garment
Group (Vinatex) have recently made production expansion investments to
meet increasing orders from foreign partners as well as higher demand at
the local market.

The Nha Be Garment Joint stock Co
has approved a plan to inject thousands of billions of dong to
implement tens of projects on textile, garment, washing and dyeing.

The Dap Cau Garment Joint Stock Co invested nearly 100 billion VND
(5.13 million USD) in a new factory in the northern province of Bac
Ninh. It was put into operation in February and has the capacity to
produce 9 million products annually.

Nguyen Dang
Luan, chairman of Dap Cau Co, said the new facility would help the firm
meet the rising number of export contracts.

"When
the factory was prepared to begin operating the first 16 production
lines the firm had already signed export deals for the whole year with
three partners, generating 1,800 jobs," Luan said./.

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