Garment export forecast at US$15 billion

03:01, 31/01/2012

(ĐN)- With more than US$13.5 billion in export turnover last year, the apparel industry is looking to obtain export turnover of US$15 billion this year, or a rise of 10-12% against 2011.

Công nhân Donagamex đang kiểm tra hàng trước khi xuất.       Ảnh: V. NAM
Workers at Donagamex

(ĐN)- With more than US$13.5 billion in export turnover last year, the apparel industry is looking to obtain export turnover of US$15 billion this year, or a rise of 10-12% against 2011.

Vietnam National Textile and Garment Group ascribed the industry’s success in 2011 to good market forecasts and the ability of textile firms to cope with difficulties at home and abroad.

In Dong Nai, big garment exporters like Dovitec and Donagamex have signed contracts until the third quarter of 2012 and continued to aim at stability and quality to satisfy the demand of traditional markets such as the EU, the U.S. and Japan.

This year, Dovitec’s products will be exported to Russia.  

In 2012, the Donagamex targets to reach VND1,200 billion in turnover, VND300 billion higher than last year’s figure.

However, general director Bui The Kich of Donagamex said the sector’s manufacturing and export activities would still be impacted by the rising labor costs and input costs due to the heavy reliance on imported materials. The sector would also be affected by the ongoing public debt crisis in the EU, one of the country's key markets.

Reported by V.N