Vietnam garment and textile exports to hit US$31 billion

Published in The Voice of Vietnam on December 05, 2017

The garment-textile industry expects to rake in US$31 billion in exports by the end of 2017, a year-on-year rise of 10.23%.

The Vietnam Textile & Apparel Association (VITAS) revealed the information at a press conference in Hanoi on December 4.

Vice Chairman of VITAS Truong Van Cam said 2017 was a challenging year for the sector due to the halt of the Trans-Pacific Partnership – which has been renamed the Comprehensive and Progressive Trans-Pacific Partnership.

However, with determination, the garment-textile sector has overcome difficulties to reap encouraging outcomes, he said.

The industry has applied technologies to develop corporate governance and business production, creating products with better quality and high added values.

Notably, the VITAS has built trade promotion programmes, professional training courses, and shared experience with businesses to increase productivity and adopt smart production models.

The association has proposed the Government simplify administrative procedures for garment-textile firms.

A conference to review the sector’s performance will be held on December 15 in the central city of Da Nang, Cam said.

Apparel exports in the last two months of this year are expected to reach US$5.27 billion, increasing the total exports to more than US$30 billion.