Vietnam’s garment and textiles sector has seen positive signs for the fourth quarter of this year with many big names having acquired sufficient orders for the period and even for the first quarter of 2013.
Deputy General Director of the Vietnam Textiles Group (Vinatex) Le Tien Truong said the sector will spare no efforts to achieve an export value of 17-17.5 billion USD in 2012 and a target of 20 billion USD in 2013.
By the end of September, Vinatex topped the sector with an export value of 12.6 billion USD, a 7.4 percent year-on-year increase.
According to Truong, the garment sector had a really difficult time in the second quarter, but the situation improved in the third and fourth quarters thanks to higher growth of the market.
In particular, Vietnam’s host of the 2012 annual global conference of the Textile Manufacturers Association from Nov. 4-6 will be a good chance for local businesses to update themselves on market information and expand ties with leading manufacturers in the world, he added.-VNA
Deputy General Director of the Vietnam Textiles Group (Vinatex) Le Tien Truong said the sector will spare no efforts to achieve an export value of 17-17.5 billion USD in 2012 and a target of 20 billion USD in 2013.
By the end of September, Vinatex topped the sector with an export value of 12.6 billion USD, a 7.4 percent year-on-year increase.
According to Truong, the garment sector had a really difficult time in the second quarter, but the situation improved in the third and fourth quarters thanks to higher growth of the market.
In particular, Vietnam’s host of the 2012 annual global conference of the Textile Manufacturers Association from Nov. 4-6 will be a good chance for local businesses to update themselves on market information and expand ties with leading manufacturers in the world, he added.-VNA
