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Textile exporters close to target
The textile and garment industry is on track to meet its target this year of 9.2 billion USD in export value despite declining during the first nine months of the year, according to the Vietnam Textile and Apparel Association (Vitas) chairman, Le Quoc An.
Total export value of the industry fell to 6.7 billion USD during the period, 1 percent lower than in the same period of 2008.
Export values to the EU and the US declined 4-5 percent during the period, while those to Asian markets such as Japan , the Republic of Korea (RoK), Taiwan and Singapore increased sharply, An said.
Export value to Japan grew by 20 percent to 700 million USD, while exports to the RoK were up 50 percent during the nine-month period to 150 million USD.
With these results, An expected the industry would achieve an export value of 830 million USD per month during the final quarter of this year to reach a total export value of 9.2 billion USD for the year, 1 percent higher than last year.
He also predicted that economic recovery in the EU and the US would help reinvigorate orders from those markets up by the end of the year.
The industry would also be able to take advantage of the Vietnam-Japan Economic Partnership Agreement which recently took effect to gain greater access to the Japanese market.
Vitas has also urged that the Government negotiate a free trade agreement with Russia in order to gain a reduction in import taxes in that market, which currently slaps a very heavy tax of 4-5 USD per unit on imported textile and garment products.
The association also expected Vietnam and Chile to soon complete negotiation of a bilateral free trade agreement, An said.
vietnamplus
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