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Vietnamese textile sector need to streamline production to utilize TPP deal

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.

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