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VN garment exports expects to hit USD 31 bn by end of 2017

YarnsandFibers News Bureau 2017-12-05 15:00:00 – Hanoi

The Vietnam Textile & Apparel Association (VITAS) at a press conference in Hanoi on December 4 revealed the information that its garment-textile industry expects to rake in USD 31 billion in exports by the end of 2017, a year-on-year rise of 10.23 percent.

However, with determination, the garment-textile sector has overcome difficulties to reap encouraging outcomes. The industry has applied technologies to develop corporate governance and business production, creating products with better quality and high added values.

Vice Chairman of VITAS Truong Van Cam said that 2017 was a challenging year for the sector due to the halt of the Trans-Pacific Partnership – which has been renamed the Comprehensive and Progressive Trans-Pacific Partnership.

The VITAS has built trade promotion programmes, professional training courses, and shared experience with businesses to increase productivity and adopt smart production models.

In the last two months of this year apparel exports are expected to reach USD 5.27 billion, increasing the total exports to more than USD 30 billion.

The association has proposed the Government simplify administrative procedures for garment-textile firms.

A conference to review the sector’s performance will be held on December 15 in the central city of Da Nang.

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