Domestic News
World News
User name
Support Online

Ms. Đông

Ms. Mai

Ms. Ngọc

Mr. Elvis Nguyen

China to establish joint tea brand with Vietnam
China opens market for three more kinds of Vietnamese aquatic products
Export and import turnover reaches 24 billion USD in the last 15 days of September
View all
Domestic News
Garment sector sets ambitious goal

To reach the target, the industry would focus on increasing the efficiency of its assets, reviewing debt and inventory levels, making more efficient use of investment capital, said Vinatex deputy director Le Tien Truong.

It also would increase market forecasting capacity, as well as strengthen traditional export markets and tap new markets, according to a teleconference yesterday to discuss the industry's production plans for 2013.

The main export markets for Vietnamese garment and textiles continued to be the US, Japan and the EU, all of which were facing ongoing economic difficulties.

Truong said the textile industry and Vinatex in particular maintained stable growth last year despite many difficulties. Last year was the fourth consecutive year in which the garment industry continued to hold the number one position among the nation's exports.

The industry's exports last year reached US$17.2 billion, up 8 per cent over the previous year, and accounted for around 16 per cent of the nation's total export value.

Vinatex's export value alone was $2.6 billion, a year-on-year increase of 16 per cent, Truong said. To achieve these results, Vinatex had focused on improving labour productivity and production efficiency as well as focusing on producing high-value products. — VNS

Source VNS
Print version   Send to friend

Other news:
  Funding sought for transport projects 11/01/2013
  Foreign steel firms wary about entering Vietnam amid glut 04/01/2013
  Decentralisation process flags 04/01/2013
  Foreign firms dominate VN smartphone market 04/01/2013
  Nationwide effort helps to stem traffic accidents 04/01/2013
  Auto imports plunge with tighter regulations, high tax 29/07/2011
  July budget revenue up 21 percent 29/07/2011
  VN supports nuclear non-proliferation 29/07/2011
  Vietnamese, Lao government offices boost ties 29/07/2011
  Vietnam's Petrolimex IPO oversubscribed, nets $20 mln 29/07/2011