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.
