The garment and textiles sector remains the country’s biggest hard currency earner with export revenues of 6.6 billion USD in the first half of the year.
Deputy General Director of the Vietnam National Textiles and Garment Group (Vinatex) Le Tien Truong said at a June 20 meeting that the sector has maintained stable growth despite the world’s largest textile and apparel markets, including the US , the EU and Japan facing many challenges, particularly when the price of their export orders slumped.
He said Vinatex is unlikely to have an unexpected increase in the garment and apparels market , as the world’s economy is likely to face another crisis , while the EU market has not yet shown sign of recovery.
To the target of more than 2.6 billion USD in export revenues, Vinatex is completing the equitisation process. In addition, the group will continue exporting to traditional markets and conquering the domestic markets by raising the role of the Vinatext Mart system. It will also ask its members to increase productivity, improve quality and apply advanced management methods to raise the overall efficiency of their operation.-VNA
Deputy General Director of the Vietnam National Textiles and Garment Group (Vinatex) Le Tien Truong said at a June 20 meeting that the sector has maintained stable growth despite the world’s largest textile and apparel markets, including the US , the EU and Japan facing many challenges, particularly when the price of their export orders slumped.
He said Vinatex is unlikely to have an unexpected increase in the garment and apparels market , as the world’s economy is likely to face another crisis , while the EU market has not yet shown sign of recovery.
To the target of more than 2.6 billion USD in export revenues, Vinatex is completing the equitisation process. In addition, the group will continue exporting to traditional markets and conquering the domestic markets by raising the role of the Vinatext Mart system. It will also ask its members to increase productivity, improve quality and apply advanced management methods to raise the overall efficiency of their operation.-VNA
