Garment products for export at Duc Giang Corp, an affiliate of Vietnam Textile and Garment Group (Source: VNA) The message was conveyed on June 20 to Vinatex by a working group led byGovernment Office Chairman Mai Tien Dung.
Ding, speaking at a working session with the group in Hanoi, said Vinatex hadundergone many reforms and achieved developments in technology, management andjobs for 80,000 workers. However, the group had been experiencing difficultiesin the export market since 2016.
Dung said the group must promote further production and business, especiallyexports, and report on its contribution to growth of the textile and garmentindustry’s gross domestic product (GDP), its reforms, use of technology andmarket development. Vinatex should also accelerate project investments andefficiency, he said.
Chinhphu.vn quoted Dung as saying that “the textile and garment industryhad done well in yarn and garment but had had difficulty in other stages, suchas support industries and dyeing. So the industry must still import needles,thread and buttons.
“The group must accelerate projects with a total investment capital of 5trillion VND to put them into efficient operation and prevent projects with lowefficiency and capital loss.”
The group is also being tasked with accelerating equitisation of textile andgarment enterprises, given that many textile and garment enterprises have hadstrong development in production and business, especially exports, afterequitisation, such as Nha Be Garment and Viet Tien Garment.
Vietnam’s garment products have entered markets with strict requirements andkey export markets, such as the US, the EU, Japan and the Republic of Korea.However, local garment enterprises should undertake reform for traditionalexport markets, including China, Russia, India and ASEAN countries.
The PM is also asking the textile and garment industry to reform productiontechnology, instead of processing, to create a higher value chain. The industryhas applied new technologies for production and corporate management, but itshould use technology suited to the industrial revolution 4.0, according to Dung.
And finally, the group is being told to promote internal administrative reformso that managers’ salaries are not so high and those of workers not so low.
Additionally, the Prime Minister asked the group and the Ministry of Industryand Trade to propose administrative reform to create favourable conditions forimporting production material.
At the working session, Vinatex Chairman Tran Quang Nghi said in the first halfof this year, the industry increased exports by 10.6 percent in value to 14.2billion USD.
He said in the second half of this year, the export value was expected toremain stable and export value for the whole year was estimated to achieve ayear-on-year growth of 10.9 percent to 31.3 billion USD. This is higher thanthe group’s expected export value of 2.78 billion USD.-VNA
He said in the second half of this year, the export value was expected toremain stable and export value for the whole year was estimated to achieve ayear-on-year growth of 10.9 percent to 31.3 billion USD. This is higher thanthe group’s expected export value of 2.78 billion USD.-VNA
VNA
