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Lakme Fashion Week Autumn/Winter 2010

BharatTextile.com ť Market Reports News ť VIETNAM: Vietnam Export Rushes Upmarket

VIETNAM: Vietnam Export Rushes Upmarket

The level of Vietnamese sales to the US is now more than 10 times the figure in 2001, when a tariff-cutting trade pact between the two nations came into effect. The Southeast Asian nation's move up the charts may not yet be finished, as last year's growth was achieved even as a stronger currency toward the end of 2007

Vietnam moved past Chile, Colombia, the Philippines and Spain in 2007 to reach the list of the top 30 exporters to the US, driven by stronger sales of clothing, furniture, electrical equipment and coffee. Vietnam's shipments to the US, its top market, climbed 25% last year to US$10.54 billion, according to figures released on the US International Trade Commission's Website. Exports to the US increased 30% in 2006 and 26% in the previous year. The level of Vietnamese sales to the US is now...

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