Vietnam Investment Report: Textile And Clothing Exports To The United States Increased By 20%
According to Vietnam investment report, Vietnam textile and Garment Association (Vitas) said that in June Vietnam's textile and apparel exports to the United States amounted to about 550 million dollars, and the total exports in the first 6 months were 2 billion 750 million dollars, up 20% over the same period last year.
Vitas said that many enterprises in Vietnam have signed export orders for the whole year, and the export prices of many products have increased by 10-15% compared with the same period last year.
Accordingly, Vitas believes Vietnam can finish this year's textile.
Clothing export
The target of $10 billion 500 million.
Supplement:
India's leading apparel exporters have received a large number of orders from Europe and the United States.
However, the profit pressure of these big companies is increasing, but the demand in the main market suddenly increases.
India clothing
The company's needs finally stabilized.
Although the US and European economies are still struggling, the orders received by India clothing companies are endless. Therefore, they will be very busy before September to complete orders from the US and European customers.
In recent months, the number of India's orders has increased quite rapidly due to the budget surplus of the international customers who once cut the budget.
However,
Exporter
The new dawn is not fully appreciated because price pressures continue to increase, mainly due to the appreciation of the rupee and the strong competition of the neighboring countries in terms of supply, such as Bangladesh.
India's exporters are forced to cut their clothing prices because their competitors' clothing prices are 25% lower.
Therefore, despite the expansion of sales volume, profits have not increased.
Due to price reduction, India's clothing export volume dived 10% to $9 billion 700 million in the fiscal year ending March.
But in the market, some companies say that costumes cost less, while others say new orders will be traded at new prices. Profits will be affected by instability in the exchange rate.
However, orders continue to flow, which is still a comfort for exporters, who once faced darkness in the wake of the world economic crisis.
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Recently, India Apparel Exporters Received A Large Number Of European And American Orders.
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