Vietnam'S Textile And Clothing Exports Exceeded US $11 Billion 200 Million In 2010.

With the 2010

Li Tianrong, deputy general manager of Vietnam garment and textile group, said the textile and clothing department has many deficiencies, especially in terms of productivity.

Although the textile and clothing sector has won the main export volume, imports of raw materials and auxiliary materials have also risen.

Although many labor force is employed, the added value is still very low.

Although industrial products are the key, Vietnam only does processing business.

There are many contradictions between the digital and practical efficiency of the textile and clothing sector in Vietnam.

Therefore, Li Tianrong said that the basic obstacle to assess the direction of Vietnam's textile and clothing industry is to increase productivity, including developing clusters of industries so as to more effectively link production and competition.

As one of Vietnam's main export sectors, the textile and clothing sector has achieved an annual growth rate of more than 17% in recent years.

In 2009, thanks to the efforts of commercial units and the government's incentive policies, the export of textile and clothing sectors exceeded US $9 billion, but this was only 0.4% higher than that in 2008, when the prices of global textile and clothing products declined.

In 2010, the textile and clothing sector maintained a high growth rate, achieving an export volume of nearly US $11 billion 200 million, an increase of 23% over 2009, and achieved the export target, leading the textile and garment sector to become the highest export sector, making significant contributions to the export of the country and maintaining the status of the 10 largest exporters of textile and clothing products in the world.

According to the statistics of Vietnam textile and Apparel Association (Vitas), in 2010, the United States remained the main market in Vietnam.

Among the total exports in 2010, exports to the US market reached $6 billion, up 22% over the same period last year.

The share of the textile and clothing sector in the US market increased from 4.6% to 5.1%.

When the export of textiles and clothing to the US market declined in many countries, Vietnam still achieved a high growth rate (about 20%), accounting for 55% of Vietnam's total export share, while exports to the EU market accounted for 20% of the total, and exports to the Japanese market accounted for nearly 10%.

Vietnam is expanding exports of textiles and clothing to potential markets as the favorable conditions for signing trade agreements are signed.

The efforts of the whole industry have led Vietnam to become a large supplier of textiles and clothing and become one of the five largest textile and garment producers in the world.

In the main markets, such as the United States, Japan and Vietnam, the textile and clothing industry ranks second, accounting for 2.5%. of the global textile and clothing market share.

Vietnam believes that the textile and clothing industry can achieve export target of US $13 billion in 2011.

However, the textile and clothing sectors still have shortcomings, such as underdeveloped support industries, high processing rates, and lack of high-quality human resources, which can not improve competition policy and limited fashion design capabilities.

Li Tianrong said that with the emergence of the gradual recovery of the consumer market, Vietnam's textile and clothing industry's advantage is still to maintain competitiveness.

By 2015, the goal of the textile and garment industry is to become one of the main export industries, and strive to achieve the export volume of US $20 billion, with a localization rate of 60%, attracting 2 million 500 thousand workers.