Garment-textile production sees surplus
The production index of national garment-textiles during the first month
of 2014 increased 26.9 percent over the same period last year.
The production index of national garment-textiles during the first month
of 2014 increased 26.9 percent over the same period last year.
According to the Ministry of Industry and Trade, this is the highest growth rate among all industries in the month just gone.
Le Tien Truong, Deputy General Director of the Vietnam National Textile and Garment Group (Vinatext), attributed the positive result to a large number of contracts won by major firms in the sector during late 2013.
Last year, many enterprises invested highly in expanding production items, while offering attractive salaries and bonuses, helping them keep enough workers for production, Truong added.
He forecast the sector to continue thriving this year, with a clear possibility of reaching 12 percent in export value.
In January, export turnover of footwear, suitcases and handbags also saw an increase of over 12 percent to 1.3 billion USD.
The Vietnam Leather and Footwear Association (Lefaso) hopes to rake in around 11.33 billion USD from export this year.-VNA
According to the Ministry of Industry and Trade, this is the highest growth rate among all industries in the month just gone.
Le Tien Truong, Deputy General Director of the Vietnam National Textile and Garment Group (Vinatext), attributed the positive result to a large number of contracts won by major firms in the sector during late 2013.
Last year, many enterprises invested highly in expanding production items, while offering attractive salaries and bonuses, helping them keep enough workers for production, Truong added.
He forecast the sector to continue thriving this year, with a clear possibility of reaching 12 percent in export value.
In January, export turnover of footwear, suitcases and handbags also saw an increase of over 12 percent to 1.3 billion USD.
The Vietnam Leather and Footwear Association (Lefaso) hopes to rake in around 11.33 billion USD from export this year.-VNA
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