Vietnamese Clothing Exports Smoothly &Nbsp; It Is Expected To Complete The Annual Target Ahead Of Schedule.

In the first 9 months of this year,

Vietnam's clothing exports to Korea showed a 84% highest growth rate, mainly thanks to the implementation of ASEAN - Korea resource trade agreement, tariff reductions, and export revenue to the United States also increased by 20%.

Exports to the United States account for 55% of the export revenue of Vietnam's clothing industry.

Vietnam's clothing exports to the European market have rebounded rapidly in the past three months, rising by 7% after a long decline.

Li Fantao, vice president of the Vietnam clothing and Textile Association (Vitas), said many domestic clothing companies received orders from the first half of 2011, and prices also increased by 10-15% compared with the same period last year.

A representative of VietHung clothing Limited by Share Ltd in Hu Zhiming said that the company recently signed a US $1 million 200 thousand export orientation and exported to Japan in early 2011.

Vietnamese clothing companies also have the opportunity to increase exports and investment to Laos and Kampuchea, as the EU decides to agree to raw materials originating from these two countries.

Li Fantao said that under this advantage, the garment industry may achieve the export target of 10 billion 500 million US dollars this November.

In order to achieve sustainable development, clothing business has also paid high attention to the domestic market, and has taken part in a series of plans to encourage local consumers to use Vietnamese goods to further Vietnam's products into rural areas.

Many supermarkets under the Vietnam clothing and textile group have introduced plans to expand their foothold in the domestic market and strive to achieve the 17-20% retail sales growth rate in 2010.