Vu Duc Giang, Chairman of the Vietnam Textiles and Apparel Association (VITAS), said at the conference that this is the highest rise over the past three years, compared with 12.1 percent in 2015, 4.07 percent in 2016, and 10.8 percent in 2017.

The factory of the Far Eastern New Apparel Vietnam Co. Ltd in Bac Dong Phu Industrial Park, Binh Phuoc province.

In 2018, the export turnover of clothes hit 28.78 billion USD, up 14.45 percent; while that of fabric was 1.66 billion USD, up 25.5 percent; and the export values of yarn reached 3.95 billion USD, up 9.9 percent, according to Le Tien Truong, General Director of the Vietnam National Textiles and Garment Group (Vinatex).

The sector ran a trade surplus of some 17.86 billion USD throughout the year, representing a year-on-year increase of 14.39 percent.

Giang said the VITAS has made proposals to the Government as well as relevant ministries and agencies in an effort to remove difficulties facing garment-textile businesses.

The sector has seen rosy signs for 2019, with many businesses already receiving orders for the first six months and some even the whole year, with better product competitiveness and supply chains forecast.

Besides, the new-generation free trade agreements Vietnam has joined will be put into place and are expected to exert positive impacts on the production and business activities of the sector.

At the conference, the VITAS set the target of raising the export turnover to 40 billion USD in 2019, up 10.8 percent and bringing trade surplus to 20 billion USD, in turn ensuring jobs and raising incomes for 2.85 million workers.

To that end, the association urged businesses to join hands in implementing solutions regarding investment, marketing, human resources development, and sci-tech application.

It will also better perform its role as the bridge between member businesses and the domestic and foreign markets through trade promotion and cooperation activities, as well as between businesses and State management agencies to help remove difficulties facing firms at present.

The association has proposed the State continue reforming administrative procedures, conducting inspections, and creating an open business environment for enterprises.

The State should put forth policies to support wastewater treatment at garment-textiles industrial parks, increase personnel training, and admit wholly foreign-invested enterprises into the association to develop the supply chain and promote experience exchange between members, it said.

Vietnam’s 5-month garment and footwear exports bring in US$15 billion

Vietnam’s combined clothes and footwear exports brought in over US$15 billion in the first five months of 2017, according to the General Department of Customs.

 

Vietnam's textile and garment exports surge in six months

The total export turnover of Vietnam’s textile and garment industry reached US$14.58 billion in the first six months, a year-on-year increase of 11.3%, announced the Ministry of Industry and Trade.

 

Australia – Potential market for Vietnamese garments, footwear

A conference introducing export potential of Vietnam’s garments, handbags and leather footwear to the Australia market was held in Hanoi on July 10. 

 

Vietnam attends international garment fair in France

Ten companies from the Vietnam Textile and Garment Association (VITAS) attended the Apparel Sourcing Paris, a leading European sourcing trade fair, in Paris from September 18-21, to seek trade partners.

 

Exports of garment and textile hit US$31 billion

Despite facing difficulties, the garment and textile sector is expected to export products worth US$31 billion this year, a year-on-year increase of 10.2%, and the outlook is bright for next year too, the Vietnam Textile and Apparel Association (VITAS) has said.

 

Source: VNA