Vietnam garment factory increase local retail presence

Several Vietnamese clothing manufacturers are enhancing their domestic retail presence to retain their hold over the home market, in view of intensifying competition from overseas retailers.



Several global brands like AEON, Warehouse, E-Mart, The Gap and Karen Millen have recently penetrated into Vietnamese market.

In order to compete with these retailers and retain their market share, Vietnam’s domestic players are enhancing their presence in the home market by opening new retail chain outlets. 



The Gap, a leading garment retailer from US, recently launched two retail outlets in HCM City and intends to launch more outlets in HCM City and Ha Noi during the year. 

Vinatex Mart, Vietnam National Textile and Garment Group’s retail textile and garment departmental store, launched five outlets in HCM City and in the provinces of Tay Ninh, Hoa Binh, Gia Lai and An Giang in December last year with a total outlay of VN$ 100 billion (US$ 4.8 million).

Vinatex Mart is planning to launch 200 outlets across Vietnam by 2015, 12 of which would be launched this year itself. This would take the total number of Vinatex outlets across Vietnam to 75 by the end of this year. 

Likewise, the Ha Noi Textile and Garment Joint Stock Company, which presently operates with nine outlets and 69 agents in the country, is also looking forward to enhance its presence in the domestic market, and has recently started Hanosimex Trade Centre in Ha Noi’s Ha Dong District.
 

Fibre2fashion News Desk

Vietnam garment exporters rise sharply in 2011

Vietnam clothing manufacturers reached US$15.6 billion for exports in 2011, up 38 percent against 2010, the highest growth over the past five years.

The sharp increase is attributed to rising export prices and increasing number of export contracts for Vietnam garment factories to traditional markets, such as the US, the EU, and Japan.

The success of Vietnam garment exporters are due to better market forecast and the creativeness in dealing with impact of economic downturn, high input material cost and difficult access capital. In addition, Vietnam garment manufacturers have restructured their operation and investment effectively and established reliable relations with clients.

Next year's prospect of Vietnam garment exporters

Although Vietnam garment factories are at the busiest time of the year to run orders before Tet, they have proposed some concern about orders for the remaining of the year.
 
Many overseas partners show their interests in Vietnam clothing manufacturers but have not yet made a final decision to run specific orders.
 
In the short term, Vietnam clothing manufacturers will have a stable amount of orders for delivery until March and April next year, but are unsure for the rest of the year.
Spending restriction in Japan and the debt crisis in Europe are the main reasons affecting Vietnamese garment exporters.

Vietnam clothing manufacturers enjoy $6.5 billion surplus

Despite the fact that  the country’s trade gap has widened and raw material prices have fluctuated wildly, with export turnover expected to top US$13.8 billion this year, $1.5 billion more than last year, Vietnam garment factories remains the country’s top earner,

Statistics also show that the percentage of materials used by Vietnam clothing manufacturers has turned to locally provided.

The breaking earnings of Vietnam garment factories  has said to be a result of well-conducted market forecasts and efficient investment and production, adding that Vietnam garment exporters have also managed to win the trust of international partners and customers.

New goal for Vietnam clothing manufacturers for the year 2012

Vietnam clothing manufacturers has set a target to raise its export revenue next year by 10-12 percent from 2011 to $15 billion.
It is also stated by these Vietnam garment factories that their main markets remain to be the United States, Europe and Japan.

Vietnam clothes manufacturers are most likely to achieve export target.

Vietnam garment factories are most likely to reach its yearly target of US$13 billion in export this year, according to the Vietnam Textile and Apparel Association.

The association said its members have so far this year exported US$10 billion and they are expected to ship aboard products valued at US$3 billion in the remaining months of this year.

Apart from the EU, Japan, Russia and the Middle East, the US remains a key market for Vietnamese garment manufacturers in the coming time, the association added.

A new development of fibre plant aids Vietnam exporters

Yarn manufacturer Dai Cuong Group last week inaugurated its VND500 billion (US$23.5 million) fibre plant in Tien Hai District Industrial Zone, Thai Binh Province.

The 15,000sq.m plant, reported to be the most modern facility in Southeast Asia, would be able to produce 8,000-11,000 tonnes of fibre per year with about 500,000 Swiss spindles.

Its products would be aimed at markets in Turkey, Japan, Korea, Brazil, and the US. It would earn an annual revenue of VND750 billion ($35.2 million) and generate nearly 300 jobs after opening.