Textile industry to earn 20 billion USD early
If the export growth of Vietnam’s textile and garment industry
remains between 12 and 15 percent, the sector will reach its target of
20 billion USD in 2014 ahead of the 2015 deadline, according to the
Vietnam Textile and Apparel Association (VITAS).
If the export growth of Vietnam’s textile and garment industry
remains between 12 and 15 percent, the sector will reach its target of
20 billion USD in 2014 ahead of the 2015 deadline, according to the
Vietnam Textile and Apparel Association (VITAS).
VITAS Vice Chairman Le Tien Truong said that despite a 5-10 percent decrease in export prices in 2012, total exports still rose by 15 percent.
The industry’s trade surplus was 8.4 billion USD last year as imported materials accounted for only 8.8 billion USD of the total export value of 17.2 billion USD, he added.
The textile and garment industry has already achieved its 2015 goal to source 50 percent of raw materials domestically.
It expects to earn 18.8-19.3 billion USD this year.-VNA
VITAS Vice Chairman Le Tien Truong said that despite a 5-10 percent decrease in export prices in 2012, total exports still rose by 15 percent.
The industry’s trade surplus was 8.4 billion USD last year as imported materials accounted for only 8.8 billion USD of the total export value of 17.2 billion USD, he added.
The textile and garment industry has already achieved its 2015 goal to source 50 percent of raw materials domestically.
It expects to earn 18.8-19.3 billion USD this year.-VNA
You should also see
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
See more
Business
Vietnam expected to become e-commerce powerhouse in Southeast Asia
Vietnam has emerged as one of the most promising shoppertainment markets and is expected to become an e-commerce powerhouse in Southeast Asia.
Business
InfographicExport value of six key industrial crops to reach 14-16 bln USD by 2030
Vietnam aims to post export turnover of 14-16 billion USD from six key industrial crops by 2030.
Business
Long An, Japan's Okayama city explore cooperation opportunities
Leaders of Vietnam’s southern Long An province and Japan’s Okayama city engaged in a dialogue on April 26 to discuss cooperation between the two localities.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
