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Textile-garment exports to Korea up sharply
Van Nam
Tuesday,  Dec 3, 2013,21:12 (GMT+7)

Textile-garment exports to Korea up sharply

Van Nam

By Van Nam - The Saigon Times Daily

Employees are seen at work at Saigon 3 Garment Joint Stock Company. The export value of Vietnamese textile-garment to the major markets like the U.S., Japan, Korea and China has continued posting strong growth - Photo: Van Nam

HCMC – Textile-garment exports to Korea as one of the four major buyers of Vietnam’s apparel products posted robust growth in January-November, leaping 51.6% year-on-year to US$642 million, while other major export markets continued considerable growth.

In a report on the industrial production in January-November released on Monday, the Ministry of Industry and Trade said that textile-garment exports to the U.S. reached some US$1 billion in the period, growing 15.5% year-on-year. Meanwhile the shipments of garment items to Japan, Korea and China fetched US$426 million, US$642 million and US$390 million, up 23.4%, 51.6% and 49.1% year-on-year respectively.

The textile-garment industry brought home nearly US$16.5 billion in the 11-month period, growing roughly 20% over the same period in 2012. Local enterprises in recent months have continued to focus on accomplishing export orders and preparing for rising shopping demand towards the year’s end, the ministry reported.

Given the surging demand on natural products, the fabric production volume using natural yarn was close to 266 million square meters, marking up 2.7%. Meanwhile, the fabric production using synthetic and artificial yarn totaled about 557 million square meters in volume, dropping 9.4% year-on-year.

Speaking to the Daily on Monday, Pham Xuan Hong, vice chairman of the Vietnam Textile and Apparel Association, said that the garment shipments to the U.S. and Japan were always stable. In contrast, the garment export bound for the Chinese market is volatile as many Vietnamese textile items have failed to compete with Chinese-made commodities, he added.

Most industry players have won export orders for production until the end of next year’s first quarter and certain firms have even signed contracts sufficient for production until June, Hong stated. He estimated this year’s textile-garment export value at about US$19 billion, rising nearly 15% year-on-year.

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