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Related Keywords: current growth, domestic garment and textile industry, EVFTA, export turnover, FDI projects, fibre, garment production project, match progress of the country, revise development plan, target set in current plan, TPP, Vietnam garment sector, Vitas, VKFTA

The Vietnam garment sector has earned an export turnover of $27.5 billion in 2015. With the current growth, the domestic garment and textile industry wants to revise a development plan to 2020 with vision for 2030 to match the progress of the country. The sector has set export turnover at between $50 and $50 billion by 2020, instead of targets set in the current plan, according to Vietnam Textile and Apparel Association (VITAS).

Related Keywords: export turnover, foreign invested enterprises expanding, key export item of Vietnam, textile and garment, TPP, Vietnamese firms dwindling, Vinatas

Textiles and garments are the key export item of Vietnam, with $24 billion worth of export turnover in 2014 and an expected $27-27.5 billion in 2015. However, there is a big problem that while foreign invested enterprises are expanding, Vietnamese firms have dwindled.

Related Keywords: export revenue, export turnover, FTA with Canada, growth of 16 percent, increase power tariff, Interest Subvention Scheme, new foreign trade policy, on packing credit, President A Sakthivel, TEA, this fiscal, Tirupur export growth rate, Tirupur Exporters Association, Tirupur knitwear exports

Tirupur knitwear exports in the first six month of the ongoing fiscal year 2014-14 has registered revenue of Rs. 10,050 crores, a growth of 16 percent as against Rs. 8,650 crores in the corresponding period of last year. In Dollar terms, the growth is 13.35 per cent year-on-year during April-September 2014, said Tirupur Exporters Association (TEA) president A Sakthivel.

Exporters from this tiny town, the hub for knitwear exports are hoping to close the fiscal with an export turnover of Rs 21,000 crore.