Vinatex must innovate its technologies as soon as possible in order to increase its market share, said General Director Le Tien Truong, a shareholders’ meeting held in Hanoi on June 29.
Vietnam’s garment and textiles export in the first half of the year grew 11.3 percent year-on-year to 14.58 billion USD. However, experts said the growth has not been sustainable yet.
A workshop discussing smart production towards sustainable development for the textile and garment industry was held by the Vietnam Textile and Apparel Association (VITAS) in Hanoi on July 13.
Vietnam is a potential market to which Indian businesses are seeking opportunities to boost export of textile machines and equipment, said N.D. Mhatre, Director General (Technical) of the Indian Textile Accessories and Machinery Manufacturers Association (ITAMMA).