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PM urges garment, footwear sectors to build brands, promote supply chain linkages

Prime Minister Nguyen Xuan Phuc asked the garment-textile and footwear sectors to promote the building of Vietnamese brands and supply chain linkages, and develop supporting industries during a working session with the sectors’ representatives in Hanoi on November 23.
PM urges garment, footwear sectors to build brands, promote supply chain linkages ảnh 1Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA)

Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc askedthe garment-textile and footwear sectors to promote the building of Vietnamesebrands and supply chain linkages, and develop supporting industries during aworking session with the sectors’ representatives in Hanoi on November 23.

Hailing their achievements, he said that the textile-garment and footwearindustries play an important role, employing a huge number of workers, up to4.3 million. Their exports account for a large proportion of the total nationalexport turnover. In 2019, these two industries exported products worth 62billion USD, equivalent to 24 percent of the country's total.

He urged the sectors to make reforms to improve corporategovernance efficiency in the new situation and promote digital transformationin the management and operation of textile enterprises, thus helping them make theeffective use of free trade agreements, including the freshly signed RegionalComprehensive Economic Partnership (RCEP) Agreement.

The Government leader also noted the need for "greengrowth" in the development of the textile and garment industry, applicationof a circular economy, and continued automation to raise the labour value.

According to the Vietnam National Textile and Garment Group, Vietnam's textileand garment industry is forecast to earn about 33.5-34 billion USD from exportsthis year./.
VNA
#Prime Minister Nguyen Xuan Phuc #textile-garment #footwear #export turnover #Regional Comprehensive Economic Partnership #Vietnam National Textile and Garment Group #Vietnam #VietnamPlus #Vietnam news
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