http://www.atimes.com/atimes/Southeast_Asia/GB16Ae03.html Feb 16, 2005
Vietnam's export value grows strongly in January HANOI - Vietnam's export value in January increased 19.6% year-on-year to nearly US$1.7 billion, the highest level in recent years. Registering a high growth in export value was crude oil, with $412 million; garments, $267 million; footwear, $224 million; seafood, $126 million; and wood furniture, $71 million. Rice exports increased in both volume and value, reaching 700,000 tonnes, including 320,000 tonnes to the Philippines. Experts have attributed the export increase to businesses' efforts to ensure sufficient supply of material inputs since late last year and their active production for export. Many seminars have been organized in the textile and garment industry to discuss ways to overcome difficulties and challenges in 2005, including fierce competition with potential suppliers such as China. Seminars to introduce new technologies and material suppliers have brought about initial results. Many enterprises have invested in producing products of high economic value such as suits and jeans. Viet Tien, Nha Be and Phuong Dong garment companies and Phong Phu and Hanoi textile mills have gained production contracts to mid-2005. The footwear industry has also gained production orders from Europe and the United States. Its enterprises, especially private enterprises, have invested in modern equipment and technology to meet growing demand. The Ministry of Trade predicts 21% growth or $6.4 billion for the European market alone. Exports to this market are mainly footwear, garments, textiles, aquatic products, and coffee. The ministry said it is still too early to make any optimistic forecasts on the country's exports for 2005, but signs in the first month of the year showed that it will not be so difficult to achieve the yearly export targets provided there is stable legal support from state management agencies. The garment and textiles sector is forecast to obtain high revenues in the coming months due to a surge in the importation of raw materials such as cotton and cloth in January, which increased by between 30-100%. In addition, a number of agricultural products such as timber, rubber, coffee and rice have won major export contracts. Some products such as rubber have gained contracts for exportation for the whole year. Most farm produce will be sold at high prices in the world market for months to come due to poor harvests. (Asia Pulse/VNA) ------------------------ Yahoo! Groups Sponsor --------------------~--> What would our lives be like without music, dance, and theater? Donate or volunteer in the arts today at Network for Good! http://us.click.yahoo.com/pkgkPB/SOnJAA/Zx0JAA/uTGrlB/TM --------------------------------------------------------------------~-> Post message: [EMAIL PROTECTED] Subscribe : [EMAIL PROTECTED] Unsubscribe : [EMAIL PROTECTED] List owner : [EMAIL PROTECTED] Homepage : http://proletar.8m.com/ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/proletar/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/