The Vietnam National Textile and Garment Group (Vinatex) has targeted an export growth of 12 percent in 2014.
According to Le Tien Truong, Vinatex Deputy General Director, despite economic difficulties forecast for this year, the country’s garment sector will still see bright prospects.
In order to reach the goal, the group will apply measures to better investment, finance and human resource management policies, develop its markets and renovate business development, he said.
Last year, Vinatex’s export revenue hit nearly 3 billion USD, a 12 percent rise against 2012, while its domestic earnings reached 22.5 trillion VND (1.05 billion USD), up 15 percent. The average salary of its employees increased 10 percent over the previous year to more than 5.2 million VND (244.4 USD) per month.
In 2013, Vietnam’s garment and textile sector earned 19.8 billion USD from exports, up 16.9 percent, accounting for 15 percent of the country’s total export revenue.
Meanwhile, another apparel giant, May 10 Corporation, recorded an export turnover of 1.8 trillion VND (84.6 million USD), increasing 20 percent over the previous year. The firm will strive to raise the figure to more than 2 trillion VND (94.7 million USD) this year.-VNA
According to Le Tien Truong, Vinatex Deputy General Director, despite economic difficulties forecast for this year, the country’s garment sector will still see bright prospects.
In order to reach the goal, the group will apply measures to better investment, finance and human resource management policies, develop its markets and renovate business development, he said.
Last year, Vinatex’s export revenue hit nearly 3 billion USD, a 12 percent rise against 2012, while its domestic earnings reached 22.5 trillion VND (1.05 billion USD), up 15 percent. The average salary of its employees increased 10 percent over the previous year to more than 5.2 million VND (244.4 USD) per month.
In 2013, Vietnam’s garment and textile sector earned 19.8 billion USD from exports, up 16.9 percent, accounting for 15 percent of the country’s total export revenue.
Meanwhile, another apparel giant, May 10 Corporation, recorded an export turnover of 1.8 trillion VND (84.6 million USD), increasing 20 percent over the previous year. The firm will strive to raise the figure to more than 2 trillion VND (94.7 million USD) this year.-VNA
