VN garment-textile sector aiming for 10 pc growth this year

Vietnamese garment-textile sector inspite of huge challenges in the global market are eyeing eyeing for a growth of 10 percent in 2018. The sector earned 4.3 billion USD from exports in the first two months this year, up 22.3 percent year on year.

To realize the target, the sector plans to improve product quality and ensure on-schedule deliveries at reasonable prices to enhance its competitiveness, said Le Tien Truong, Director General of the Vietnam National Textile Garment Group.

The use of technology will also be enhanced to increase automatic production, as well as IT-based management and workers’ skills.

Nguyen Xuan Duong, Chairman of the Director Board of Hung Yen Garment Corporate underlined the challenges faced by the sector, said that export prices may fall, while production costs increase.

Duong said that enterprises need to devise measures to become more productive and reform their management.

However, Vietnamese garment-textile sector is forecast to face huge challenges and fierce competitions particularly this year from China, Myanmar and Cambodia.

Recent Posts

Virgio, Ola Electric offer sustainable festive deliveries

Sustainable fashion brand Virgio has partnered with Ola Electric to offer eco-friendly doorstep deliveries of its products during the festive…

9 hours ago

Kingpins pop-up highlights denim innovation

Kingpins Hong Kong hosted its second annual pop-up event at the DX Design Hub, putting the spotlight on denim innovation…

10 hours ago

AATCC, TAI partner to strengthen Indian textile industry

The American Association of Textile Chemists & Colorists (AATCC) has signed a Memorandum of Understanding (MOU) with The Textile Association…

10 hours ago

Under Armour partners to develop microfibre release test

Under Armour, Hohenstein and PPT Group, has introduced a standardised method to measure microfibre release from textiles during simulated washing…

1 day ago

RISE for Impact advances work standards in the cotton supply chain

The RISE for Impact project is collaborating with farmers in the cotton supply chain to promote decent work by integrating…

1 day ago

Cosmo first launches advanced PPFs for vehicle exteriors

Cosmo First has unveiled its new range of Paint Protection Films designed to protect vehicle exteriors with advanced features ensuring…

1 day ago