General Statistics Department recently reported that textile and apparel industry of the country in July exported US $840 million worth of products, $120 million higher than previous month.
Thus, exports in July show highest development for the industry since the beginning of this year.
With the accession to WTO, apparel exports will not be limited by the quota scheme and tariffs on Vietnam-made products will be reduced, which will pave the way for Vietnam-made products to penetrate foreign markets.
Though enterprises will have to face challenges like tough competition and lack of infrastructure the future for exports seems bright.
Infact, for the first seven months, apparel exports reached $4.24 billion, only $3 billion short of 2007 target.
Fibre2fashion, News Desk - Vietnam
marketing@alchempro.com
