Hanoi (VNA) - Vietnam should be able to export 13 billion USD of garments andtextiles this year, according to the Vietnam Textile and ApparelAssociation (Vitas).
Vitas said the goal was achievable given that established partners hadrecently agreed to a price increase of between 15 and 20 per cent.
In the first quarter of this year, the industry earned 2.8 billion USDfrom exports, a year-on-year increase of 28 percent.
According to Vitas, the price of many imported raw materials had surged.
For example, the price of cotton imported from the US had increased by74.1 percent in comparison with the same period last year, while thecost of labour, transportation and power had also gone up.
To solve the problem, the association has worked with provinces toconstruct industrial zones in which they can plant cotton and produceother raw materials.
As part of a garment andtextile development plan in 2010-15, the industry will meet about 45percent of the domestic fibre demand in 2011, and this figure willincrease to 70 percent in 2012.
In 2015, the localisation rate is expected to be 70-80 percent./.
Vitas said the goal was achievable given that established partners hadrecently agreed to a price increase of between 15 and 20 per cent.
In the first quarter of this year, the industry earned 2.8 billion USDfrom exports, a year-on-year increase of 28 percent.
According to Vitas, the price of many imported raw materials had surged.
For example, the price of cotton imported from the US had increased by74.1 percent in comparison with the same period last year, while thecost of labour, transportation and power had also gone up.
To solve the problem, the association has worked with provinces toconstruct industrial zones in which they can plant cotton and produceother raw materials.
As part of a garment andtextile development plan in 2010-15, the industry will meet about 45percent of the domestic fibre demand in 2011, and this figure willincrease to 70 percent in 2012.
In 2015, the localisation rate is expected to be 70-80 percent./.
