Thu. Dec 8th, 2022

A latest survey shows that Vietnam ’s textile and garment exports saw
the world’s highest growth of 32 percent in the 2005-2011 period.

The information was released by Dhyana Van der Pols, consultant of the
Centre for the Promotion of Imports from Developing Countries (CBI)
under the Netherlands Ministry of Foreign Affairs, at a conference in
Ho Chi Minh City on April 13.

China came next
in the rankings with a growth of 15 percent, followed by India with 10
percent and Turkey , Malaysia and Thailand with 7 percent.

Vietnam ’s rate is attributable to its political stability and
low labour costs, Dhyana Van der Pols said, adding that the country
attracts importers thanks to its ability to supply a wide range of
garment products.

She said that although Vietnam is not named in
the top 10 textile and garment exporters to the European Union, a
future free trade agreement (FTA) between the two sides is expected to
open up an opportunity for Vietnam to increase its exports to the
world’s largest apparel consumer.

The conference,
themed “Competitiveness of Vietnam Textile Industry: Perspective in the
Eyes of International Experts”, was co-organised by the CBI and the
Vietnam National Textile and Garment Group (Vinatex).-VNA

By vivian