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Related Keywords: achieve target in 2018, anti dumping, efforts to focus, labour productivity, results of production and business, solution to increase, technology development, textile and garment industry, Vietnam National Garment and Textile Group, Vinatex, world garment industry

Le Tien Truong, general director of the Vietnam National Garment and Textile Group (Vinatex), speaking at a meeting on reporting Vinatex’s results of production and business in Ha Noi on Tuesday said that to achieve the target of more than 10 percent growth in 2018, the textile and garment industry must make great efforts to focus further on solutions to increase labour productivity also the local textile and garment industry must be careful with the anti-dumping story.

Related Keywords: another $8 billion worth of exports needed, August and September indicates, average export growth rate, exponential growth, export target of $31 billion, five major destination markets, for the year 2017, target is achievable, Vietnam National Textile and Garment Group, Vietnamese to achieve textile and garment, Vinatex

Vietnamese on its way to achieve the textile and garment export target of $31 billion for 2017, according to Le Tien Truong, general director of Vietnam National Textile and Garment Group (Vinatex). As the average export growth rate in August and September indicates the target is achievable, another $8 billion worth of exports is needed before the year end.

Related Keywords: earned six billion USD from exports to US, export growth not sustainable yet, first half of the year grew, original design manufacturer, outstripping competitors, shipments to EU up eight percent, supply chain, surging nearly nine percent, twelve percent from Japan, Vietnam garment and textiles export, Vinatex

Vietnam’s garment and textiles export in the first half of the year grew 11.3 percent year-on-year to 14.58 billion USD, outstripping its competitors in garment export growth in the period. The country earned 6 billion USD from exports to the US, surging nearly 9 percent, 2.3 billion USD from shipments to the EU, up 8 percent and 1.5 billion USD from Japan, up 12 percent. But according to experts the growth has not been sustainable yet.

Related Keywords: earned six billion USD from exports to US, export growth not sustainable yet, first half of the year grew, original design manufacturer, outstripping competitors, shipments to EU up eight percent, supply chain, surging nearly nine percent, twelve percent from Japan, Vietnam garment and textiles export, Vinatex

Vietnam’s garment and textiles export in the first half of the year grew 11.3 percent year-on-year to 14.58 billion USD, outstripping its competitors in garment export growth in the period. The country earned 6 billion USD from exports to the US, surging nearly 9 percent, 2.3 billion USD from shipments to the EU, up 8 percent and 1.5 billion USD from Japan, up 12 percent. But according to experts the growth has not been sustainable yet.

Related Keywords: accelerate project investments and efficiency, comprehensive reform, develop production and business, developments in technology, entered markets with strict requirements, key export markets, local garment enterprises, Prime Minister Nguyen Xuan Phuc, traditional export markets, Vietnam National Textile and Garment Group, Vinatex

The Vietnam National Textile and Garment Group (Vinatex) has been urged to undertake comprehensive reform to develop its production and business. Prime Minister Nguyen Xuan Phuc’s message was conveyed on June 20 to Vinatex by a working group led by Government Office Chairman Mai Tien Dung.

Dung, speaking at a working session with the group in Hanoi, said that Vinatex had undergone many reforms and achieved developments in technology, management and jobs for 80,000 workers. However, the group had been experiencing difficulties in the export market since 2016.

Related Keywords: enjoying good growth in exports to the US market even without TPP, enterprises continuously made investment in machines and technology, forecasted to benefit greatly, from the Trans Pacific Partnership, holding second biggest market share in the US and Japan, improve productivity, reduce cost, Vietnam garment and textile sector, Vinatex

Vietnam’s garment and textile sector which is forecasted to benefit greatly from the Trans Pacific Partnership (TPP) is still enjoying good growth in exports to the US market even without TPP. Holding the second biggest market share in the US and Japan, according to Le Tien Truong, Director General of the Vietnam National Textile and Garment group (Vinatex).

Related Keywords: focus on expanding its markets, foreign exchange preferential policies, fourteen percent compared to last year, government tariff, group will make effort to increase export turnover, more especially key markets, push up production, State run Vietnam National Textile And Garment Group, Vinatex

The state-run Vietnam National Textile And Garment Group (Vinatex) General director Le Tien Tuong said that the group strives to push up production by 14 percent compared to last year. The group will make the effort to increase export turnover by 11 percent and import turnover by 9 percent. To complete the goal, Vinatex will focus on expanding its markets more especially key markets such as the US, EU, and Japan.

Related Keywords: business method, developing sustainable retail distribution network, enjoy long term benefit, from Cut, Itochu Japanese firm, Itochu to help Vinatex, Make, make a change in textiles and garment production, signed strategic cooperation agreement, to Free on Board, Trim, Vietnam Textile and Garment Group, Vinatex

Vietnam Textile and Garment Group (Vinatex) signed a strategic co-operation agreement with Itochu, a Japanese firm, where Itochu is expected to help Vinatex make a change in textiles and garment production and business method from Cut—Make—Trim to Free on Board, developing a sustainable retail distribution network to enjoy long-term benefit.

The signing ceremony was witnessed by PM Nguyen Xuan Phuc and his Japanese counterpart Shinzo Abe in Ha Noi.

Related Keywords: affecting fiber manufacturer, cotton and polyester filament prices, decreased sharply, equal to total domestic investment, FDI has increased sharply, increase production of input material, plans a productivity increase, Vietnam textile and garment sector, Vietnam to attract other market, Vinatex, Vinatex remains pessimistic about the new year

Vietnam will be able to attract other markets only when Vietnam can increase the production of input materials said Hoang Ve Dung, deputy general director of Vinatex. Although Foreign direct investment in the textile and garment sector of Vietnam has increased sharply recently. A report shows that FDI capital registered in the last year reached $1.5 billion, equal to total domestic investment.

The Vietnamese textile and garment companies have to slash selling prices to compete with rivals from China, India and Malaysia.

Related Keywords: attract FDI enterprise, boosting domestic production, completed equitisation plan, Deputy General Director, FTA, Hoang Ve Dung, inject money in Vietnam, invested in numerous textile and fibre projects, key export markets, likely to touch twenty eight billion USD, shipping garment products, top five largest apparel exporters, Vinatex

Hoang Ve Dung, Deputy General Director of the Vietnam National Textile and Garment Group (Vinatex) at a meeting with media on December 21 said that the Free trade agreements (FTAs) will give momentum to attract foreign direct investment enterprise to inject money in Vietnam while boosting domestic production.