Japanese firms offer shelter from the storm

October 20, 2012 | 12:47
Vietnamese textile-garment and footwear export firms have scaled up cooperation with Japanese partners to withstand the current economic storm.

Giditex just launched its third production factory - an offspring of cooperation between Giditex and Japan-based Tamurakoma Company - which specialises in making products under the Onward brand for export to Japan.

Earlier, Giditex met four Japanese businesses Apron, Tamurakoma, Togashi Hosei and Yamatoya Co, that are Giditex customers who wanted to place further export orders in 2013.  

Donagamex, a Vinatex member with a fair export growth to Japanese market, received a customer group from Japan and in the year ending September, Donagamex posted export value of approximately $50 million, of this $24 million came from export orders with Japan.

“Maintaining double-digit export growth to the Japanese market is a dream to export businesses in the context of falling export orders from key import markets,” said Donagamex’s chairman Bui The Kich.

Bac Giang Garment also eyed 14 per cent export growth to Japan in the first three quarters.

At this time, the company has secured export orders to Japan for 2012’s full year with key export items of jackets, overcoats, raincoats, jeans, shorts and sports-wear. Export value to Japan represented 18 per cent of the company’s full year export value target of around $90 million in 2012, according to a company source.

According to Vietnam Textile Apparel Association, demand for Chinese-made clothing from big import markets like US, EU and Japan took a plunge, leaving scores of garment exporters struggling.

Vietnam Leather and Footwear Association deputy general secretary Nguyen Thi Tong said signing new export orders was hard in 2012, however, with Japanese market local firms had made use of every opportunity to boost export to this country.

Vietnam’s textile-garment export was $1.33 billion in September, down 12.3 per cent against August, bringing the sector’s total export value in the first nine months to $11.1 billion, surging 7.3 per cent on-year.

Export value to Japan reached $1.45 billion, or 18.7 per cent jump on-year. Vietnam’s footwear export value amounted $463 million in September, down 24.7 per cent against August, bringing the sector’s total export value in the year ending September to $5.22 billion, up 12.5 per cent on-year.

The export value to Japan hit $245 million, up 33.5 per cent on-year. 

By Hai Yen


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