Garment-textile sector eyes 10 percent growth in 2018
Updated : Wednesday, March 14, 2018 10:26 AM (GMT+0700)

Thegarment-textile sector is aiming for a growth of 10 percent in 2018 in spite ofhuge challenges in the global market, said Le Tien Truong, Director General ofthe Vietnam National Textile Garment Group.

 
Garment-textile sector hopes to grow 10 percent in 2018 - Source: VNA

To realise the target, thesector will improve product quality and ensure on-schedule deliveries atreasonable prices to enhance its competitiveness.

The use of technology willbe enhanced to increase automatic production, as well as IT-based managementand workers’ skills.

Nguyen Xuan Duong, Chairmanof the Director Board of Hung Yen Garment Corporate underlined the challengesfacing the sector, saying that export prices may fall, while production costsincrease.

Enterprises need to devisemeasures to become more productive and reform their management, Duong said.

Vietnam’s garment-textilesector is forecast to face huge challenges and fierce competitions in 2018,particularly from China, Myanmar and Cambodia.

The sector earned 4.3billion USD from exports in the first two months this year, up 22.3 percentyear on year.

Source:VNA

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