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Viet Nam Apparel Textile Industry Cut Exports Target
- Dec 20, 2016 -

The last two months of this year, Viet Nam textiles, leather footwear, rice and other major export industries have cut export target, expected to affect Viet Nam plans to achieve export growth 10%.

Textiles account for Viet Nam exports 17%, now there is decline, currently exports only around 5%-6%. 10 months before export of 23.5 billion dollars, an increase of 5.5%. Viet Nam textile Association said that because of the plunge in global demand, before the textile industry to maintain growth rates, forced 30.031 trillion US dollars at the beginning of the target cut to $28.529 trillion.

Viet Nam Association of leather footwear industry show signs of stagnation, difficult to accomplish the annual export target of us $17 billion, and exports are expected to reach 16 billion US dollars. The first 10 months, exports only US $12 billion, an increase of only 7%.

The first 10 months, Viet Nam rice exports only $1.9 billion, 4.2 million tons, compared with 16.9% and 21.2%, respectively. Viet Nam agricultural and rural development Ministry was forced to cut its rice export target from 6.5 million tonnes to 5.7 million tonnes. China was still Viet Nam Rice's biggest export market, accounting for 35.4% of the, but 9 months before export to China only 1.35 million tons, $613.8 million, compared with 23% and 13.9%, respectively. United States, the Philippines, Malaysia, and Singapore and other markets for Viet Nam rice imports also dropped.