Garment-textile sector hopes to grow 10 percent in 2018 (Source: VNA) Hanoi (VNA) – The garment-textile sector is aiming for a growth of 10 percent in 2018 in spite of huge challenges in the global market, said Le Tien Truong, Director General of the Vietnam National Textile Garment Group.
To realise the target, the sector will improve product quality and ensure on-schedule deliveries at reasonable prices to enhance its competitiveness.
The use of technology will be enhanced to increase automatic production, as well as IT-based management and workers’ skills.
Nguyen Xuan Duong, Chairman of the Director Board of Hung Yen Garment Corporate underlined the challenges facing the sector, saying that export prices may fall, while production costs increase.
Enterprises need to devise measures to become more productive and reform their management, Duong said.
Vietnam’s garment-textile sector is forecast to face huge challenges and fierce competitions in 2018, particularly from China, Myanmar and Cambodia.
The sector earned 4.3 billion USD from exports in the first two months this year, up 22.3 percent year on year.-VNA
VNA
