Garment-textile sector eyes 10 percent growth in 2018

The garment-textile sector is aiming growth of 10 percent in 2018 in spite of huge challenges in the global market, said Le Tien Truong, Director General of the Vietnam National Textile Garment Group.

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

Hanoi (VNA) – The garment-textile sector is aiming for a growth of 10 percent in 2018 inspite of huge challenges in the global market, said Le Tien Truong, DirectorGeneral of the Vietnam National Textile Garment Group.

To realise thetarget, the sector will improve product quality and ensure on-schedule deliveriesat reasonable prices to enhance its competitiveness.

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

Nguyen Xuan Duong,Chairman of the Director Board of Hung Yen Garment Corporate underlined thechallenges facing the sector, saying that export prices may fall, whileproduction costs increase.

Enterprises needto devise measures to become more productive and reform their management, Duongsaid.

Vietnam’sgarment-textile sector is forecast to face huge challenges and fiercecompetitions 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.-VNA

VNA