Exports of garments Vietnam continues to increase rapidly in the past month, despite the general downturn of global economy.

Exports of garments eventually up to 9 billion dollars in 2008, up 17% from a year ago.

This growth rate is very high if compared with other major exporters in Asia such as China and India.

U.S. import data and statistics in the country of Vietnam to see this.

Imports from Vietnam continue to see strong growth this year with increased 22.6% during the period from January to October, up to 4.37 billion.

The U.S. market is the largest exporter of garments from Vietnam, ahead of the European Union and Japan.

The latest monthly data does not show that imports from Vietnam will increase with lower levels.

Imports in October increased 19.5% after increasing 19.6% in the third quarter, compared with a year ago.

Vietnam is a supplier of garments second largest U.S. market, but by far larger than China, but Indonesia and Mexico.

Although imports from China are now down 6% in the first half of this year, China imported goods is still strong 25% increase compared to Vietnam.

Textiles and garments imported from Vietnam Europe also remained strong in the first half of this year, up 6.8% in Euro and 23% in USD.

The immediate worry

Although export figures in the past month is positive, but the exporters Vietnam is still a lot of worry.

Orders in long-term absence this year, many companies want to cut naturally found in the first months of next year.

If this happens, then the export decline could be explained by a variety of reasons as follows:

First, the global economic crisis would cause damage to the garment industry of Vietnam.

Monday, the U.S. removed quotas for Chinese textiles and garments can be made garment exports from Vietnam to the U.S. market decreased.

Tuesday, the U.S. imports from Bangladesh is now a strong indication that Bangladesh will apply their laws on the market cost of garments worldwide.

Wednesday, Vietnam garment industry is currently facing a situation of rising costs.

Business services, the foreign material

Phongnd