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An Introduction of Vietnam’s Garments and Textile Industry |
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| Release time:2013-05-22 Source:admin Reads: | |
| Ha NOI (VNS)— The goal of 12-15 per cent export growth rate for the garment and textile industry this year is achievable, fetching between US$18.8-19.3 billion. According to the Viet Nam Textile and Apparel Association (Vitas), the garment export value hit $4.2 billion in the first quarter of this year, a rise of 16 per cent over the same period last year. Vitas vice-president Dang Phuong Dung said garment and textile enterprises had the advantage of nearly 100 per cent of workers returning to work after Tet (Lunar New Year) holiday. Exports into traditional markets, such as Russia, Eastern Europe, the US, Japan and Europe saw stable growth while many enterprises penetrated new markets, such as South Korea, Turkey, Africa and Middle East countries. Some enterprises scored production orders until June. The association urged enterprises to penetrate niche markets by being flexible in meeting all demands. Garments have contributed a lot to Vietnam’s exports, but if they want to gain more market share, they should pay attention to other parts as well, such as woven labels and hangtags attached will add potential value and help in image enhancement of brand. Meanwhile, according to some economic experts, the garment and textile sector must increase the use of domestic raw materials used both for clothes and woven labels in production rather than imported ones to improve growth. Currently, the localisation rate of Viet Nam was at 48-50 per cent, low in comparison with 90 per cent in China and India. In terms of turnover, the industry has led the field of export industries for five consecutive years. Last year, the sector provided jobs for more than 2 million people. It expects to create job for an additional 200,000 people this year. Actually garment accessories including hangtags, printed labels, woven labels, etc, play such an essential role in garment industry for advertisement and create more jobs for the unemployed. |
