Vietnam clothes manufacturers may reach $13 billion on exports at the end of the year.

With the encouraging results for the first 6 months of operating, every Vietnam clothing manufacturer is on the way to fulfill the export target for the year, namely 13 billion.
 

As recorded in June 2011, there was an 30 percent increase of exports from Vietnam garment factories with a revenue of $6.16 billion. It is said to be the highest first half growth rate in the production of Vietnam clothes manufacturers in the last four years.
 

This is the promising results for clothing factories in Vietnam in the attempt to reduce their energy and management costs while struggling with the rise in raw materials costs and high interest rates.
 

Another solutions are considered by clothing factories in Vietnam in the time of high inflation are to reduce their reliance on bank loans and to manage to allocate their own capital efficiently as well as to give priority to short-term contacts only to recoup their capital as soon as possible.
 

Vietnam clothes manufacturers are competing to remain in the top 5 garment exporters in the world as in 2010 with total turn over of $11.2 billion.