Vietnamplus

The domestic textile and garment industry is expected to reach its export revenue target of 40 billion USD this year despite facing many difficulties, said Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS). ​

Vietnamese manufacturers need “integrated marketing solutions” comprising both online and offline platforms to gain access to buyers in both traditional and emerging markets, experts have said.

Vietnam’s total garment-textile export turnover was estimated at 14.5 billion USD in the first five months of 2019, a year-on-year rise of 9.11 percent.

In 2019, Vietnamese businesses are poised to promote textile and garment exports to the North American nation under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

After 10 years of implementation, the campaign "Vietnamese people prioritise using Vietnamese goods" has affirmed an important role for domestic trade.

A delegation of Vietnamese businesses has visited Canada to promote textile and garment exports to the North American nation under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

A representative of the Indian Consulate General in Ho Chi Minh City recommended Vietnamese companies look for investment opportunity in the Indian market of 1.3 billion people, particularly in garment and textiles.

The garment-textile industry expects to rake in 31 billion USD in exports by the end of 2017, a year-on-year rise of 10.23 percent.

Applying new technologies to reduce production cost and increase competitive edge is the urgent solution for the garment-textile industry given global fiercer competition.

Cambodia’s exports increased 17 percent year-on-year to reach 7.7 billion USD in the first nine months of 2017, according to Director General of the Cambodian Chamber of Commerce Nguon Meng Tech.

The Vietnam Textile & Apparel Association (VITAS) and the US Cotton Council International (CCI) recently held the Cotton Day in Ho Chi Minh City to help Vietnamese apparel businesses to approach the US market.

Garment and textile exports may hit 30.5 billion USD in 2017, Vu Duc Giang, President of the Vietnam Textile Association said at the Cotton Day held in HCM City on September 12.

The Mekong Delta province of An Giang is striving to fulfill the target of 800 million USD in export revenue this year by promoting the shipment of rice, aquatic products and vegetables.

Vietnam’s garment and textile exports in the first half of this year reached 12.6 billion USD, a year on year increase of 4.72 percent and accounted for 41 percent of the sector’s target for 2016.

Vietnam’s textile and apparel exports to countries negotiating the TPP agreement in the first five months of this year increased 69.66 percent compared to the same period last year.