Vietnam’s garment export growth rate highest in the world

On Apr 13, the conference "Competitiveness of Vietnam textile industry: perspective in the eyes of international experts" was jointly held in HCMC by the Vietnam National Textile and Garment Group (Vinatex) and the Centre for the Promotion of Imports from developing countries (CBI) under the Netherlands Ministry of Foreign Affairs.

Dhyana Van Der Pols, Consultant CBI of the Netherlands Ministry of Foreign Affairs said, according to the latest research is published, the growth rate of garment exports in the period 2005-2011 in Vietnam reached the highest in the world with 32 pct

While the similar speed of China is 15 pct, India 10 pct, Turkey, Malaysia, Thailand are about 7 pct.

Dhyana Van Der Pols, CBI senior expert, advised Vietnamese businesses to focus on a specific market and work out appropriate export strategies for their goods

In addition to the advantages of political stability, productivity, labor costs in Vietnam are relatively low and still more than competitive than countries like China, Indonesia, India.

Some experts said Vietnam has proven its ability to ship and deliver a wide range of products in a timely manner.

Thus, Vietnam should grasp this favorable opportunity and show its strength in order to become one of the top ten on the list of suppliers chosen by the EU.

The validity of a future Vietnam-EU Free Trade Agreement (FTA) is another advantage for the garment sector to boost exports to the market.


.

.

Source SGGP, translated by Dan

Other news