The Vietnamese clothing industry is targeting a turnover of US$ 19 billion this year compared to US$ 17.2 billion worth of exports made in 2012, said Mr. Le Tien Truong, the deputy general director of Vietnam National Textile and Garment Group (VINATEX).
According to him, Vietnamese clothing and textile industry has been able to create 100,000 new jobs for every US$ 1 billion increase in turnover, Vietnam News reported quoting Lao Dong newspaper.
In 2012, exports of Vietnamese garment and textile to the US increased by 9.2 percent and to Japan and South Korea by 19.3 percent and 9 percent, respectively.
He said Vietnam used 47 percent of local materials to manufacture apparels and textiles last year and the industry aims to increase the usage of local raw materials to 50 percent this year, which will gradually increase to 100 percent by 2015.
Mr. Troung urged Vietnamese textile and clothing industry to develop solid strategies to maintain the status in the emerging market by focusing on small and medium-sized orders, since they require fast delivery and it will also improve the productivity and product quality.
Fibre2fashion News Desk - India
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