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Related Keywords: apply technology, Conference held to review Vinatex business, deputy minister of Industry and Trade, during the next year, ensure no negative effects on environment, garment production, global raw materials, offer value added products, operate more efficiently, promote research and development activities, urged Vinatex to improve its value chain

At a recent conference held to review Vietnam National Textile and Garment Group (Vinatex’s) business results in 2016, Deputy Minister of Industry and Trade Cao Quốc Hưng has urged Vinatex to improve its value chain and operate more efficiently in 2017.

The group should promote research and development activities and apply technology in garment production to offer value-added products, at the same time ensuring that there are no negative effects on the environment.

Related Keywords: bringing in higher added value, deputy minister of Industry and Trade, domestic businesses, enjoy tax preferential, garment and textile sector, improve profit and enjoy preferential of TTP deal, in middle and long term, lose strengths, restructure production, take advantage of international integration, Tran Tuan Anh, Vietnamese products

The Vietnamese products would lose their strengths in the middle- and long-term if domestic businesses do not restructure production, thus bringing in higher added value, Tran Tuan Anh, deputy minister of Industry and Trade said.

Anh said that Vietnamese exporters should restructure their production to improve profit and enjoy preferential of the Trans-Pacific Partnership Agreement (TPP),

This was the reason that Vietnam has issued the export strategy by 2020 with a vision to 2025 to take advantage of international integration.