Garment sector strives for 17 billion USD in export
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.
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
You should also see
Sun World Ba Na Hills - A fairyland in Da Nang
Ba Na Hills is a clear testament to the role of the private economy in the development of tourism in Da Nang as well as the city’s economy as a whole. Sun World Ba Na Hills was honoured in 2023 at the World Travel Awards as “Asia’s Leading Theme Park”.
See more
Business
Hai Phong Techfest connects Vietnamese, RoK businesses
The Department of Science and Technology of the northern port city of Hai Phong is organising the International Techfest Connect 5+, a science and technology festival to promote connectivity in the northern coastal region, from April 15-16.
Business
Banks record positive business indicators in Q1 2024
Many banks have reported positive business indicators, especially credit growth, in the first quarter of this year.
Business
Brand building for Vietnamese agricultural products needed to boost exports
Vietnam's agricultural development has gained many achievements in recent times, with seven commodities recording annual export turnover of over 3 billion USD, namely wood and wooden products, shrimp, coffee, rice, rubber, vegetables and fruits, and cashew nuts. These products are present in most of the world's major import markets such as the US, the European Union (EU) and Japan.
Business
InfographicFour commodities post Q1 export value of over 5 billion USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
Business
Binh Duong sees vibrant investment cooperation at Horasis China Meeting
The Horasis China Meeting 2024, held in Binh Duong on April 15, witnessed a flurry of investment activities as the southern province granted in-principle approvals and investment certificates to multiple infrastructure, manufacturing, and real estate projects worth hundreds of millions of USD.
