Textile industry urged to create highly added value products
Speaking at a ceremony to mark the 20th founding anniversary of the Vietnam Textile & Apparel Association (VITAS) in Hanoi on December 13, PM Phuc stressed that with 7,000 enterprises operating in the field, the sector is making important contributions to the country’s development.
He praised VITAS for well performing its task as a bridge between the Government and enterprises, as well as in giving policy consultations, especially in negotiating free trade agreements (FTAs) between Vietnam and partners.
The PM urged the sector to swiftly converting production model in order create higher added value products, saying that with its increasingly export turnover through years, the sector is contributing to ensuring social security, increasing budget collection and promoting economic structure shifting.
PM Phuc also pointed out shortcomings and difficulties facing the industry, saying that the production still depends on imported materials.
He stressed the need for textile enterprises to focus on building trademarks for their products, take measures to promote sustainable development, and fully tap advantages brought by FTAs that Vietnam has joined.
The government leader asked the sector make more efforts to reach a higher ladder in the national economic value chain, towards helping the country maintain its position of the world’s third biggest textile and garment producer.
On the occasion, the PM presented the Government's Emulation Flag to the VITAS.
Vietnam’s textile export turnover is forecast to hit 39.5 billion USD in 2019, up 9.1 percent year-on-year. The figure is expected to reach 110 billion USD in 2030.
Related News
Textile and garment industry perseveres in overcoming difficulties and seizing opportunities from the market
08:59 | 20/09/2024 Import-Export
Imported raw marterials and fuel rise rapidly
09:41 | 01/08/2024 Import-Export
Multi-dimensional picture of textile and garment enterprises
15:00 | 21/05/2024 Import-Export
Vietnam textile and garment strives to increase the localization rate
06:46 | 30/04/2024 Import-Export
Latest News
Vietnam’s stainless steel exports under dual investigation
13:54 | 08/10/2024 Import-Export
F&B industry to reach 30 billion USD in 2024
13:53 | 08/10/2024 Import-Export
Self-sufficiency in raw materials critical for garment, footwear
13:50 | 08/10/2024 Import-Export
To successfully export fresh coconuts to China
10:17 | 08/10/2024 Import-Export
More News
Standardising fruit quality can open up new markets for Vietnam: Insiders
14:26 | 07/10/2024 Import-Export
Five amended laws to untie investment knots
10:50 | 07/10/2024 Import-Export
Ho Chi Minh City: Determined to become the leading logistics center in the region
09:23 | 06/10/2024 Import-Export
Vietnam's rice export turnover up 23.5% in nine months
19:30 | 05/10/2024 Import-Export
Responding to trade competition, businesses are forced to innovate technology
11:59 | 05/10/2024 Import-Export
How does the Fed's interest rate cut affect Vietnam?
11:56 | 05/10/2024 Headlines
Vietnam-France trade, investment ties expected to grow further
13:40 | 04/10/2024 Import-Export
Nine-month agro-forestry-fisheries exports rise 21%
13:37 | 04/10/2024 Import-Export
Vietnamese fruits have room to penetrate deeper into the Chinese market
11:56 | 04/10/2024 Import-Export
Your care
Vietnam’s stainless steel exports under dual investigation
13:54 | 08/10/2024 Import-Export
F&B industry to reach 30 billion USD in 2024
13:53 | 08/10/2024 Import-Export
Self-sufficiency in raw materials critical for garment, footwear
13:50 | 08/10/2024 Import-Export
To successfully export fresh coconuts to China
10:17 | 08/10/2024 Import-Export
Standardising fruit quality can open up new markets for Vietnam: Insiders
14:26 | 07/10/2024 Import-Export