Vietnam'S Export Target For Clothing And Textiles Will Exceed US $10 Billion Next Year.

The vice president of Vietnam textile and clothing association (vitas) and the Le Tien Truong, vice president of Vietnam National Textile and Garment Group (VINATEX), reported the achievements and Strategies of Vietnam's clothing and textile industry, saying that clothing and textiles were the main export products of Vietnam, and clothing and textiles had already completed the 2011 plan ahead of schedule.

Clothing and textiles account for 17% of Vietnam's total exports.

In the context of slowing economic growth, expanding trade deficit and fluctuating material prices, the textile and garment industry still completed its $6 billion 500 million in 2011.

This year, the delivery value to the US increased by 14%, the European Union increased by 41%, and Japan increased by 52%.

In 2011, domestic sales increased by only 12%.

Whereas

VINATEX group restructured its business to improve production and business efficiency.

The group will expand its cotton planting area to 15000 hectares in 2012 and encourage its subsidiaries to use it.

Despite potential challenges in the global market, Vietnam's export target for clothing and textiles in 2012 was US $15 billion.

It's not difficult to get the order, but the price will change.

VINATEX group will continue to increase the efficiency of all its internal links and enhance the competitiveness of the group and its member companies.

The clothing and textile industry increases the value of each FOB order, reduces reliance on offshore service outsourcing contracts, and increases ODM orders.

Clothing and textile companies will adhere to the niche strategy of specific products.

In 2012, demand from major markets such as the United States, the European Union and Japan may shrink due to financial difficulties.