Home / Knowledge / News / Apparel/Garments / Vietnam garment industry to add nearly 200,000 new jobs
Vietnam garment industry to add nearly 200,000 new jobs
01
Feb '13
Vietnam apparel and textile sector is set to add 200,000 new jobs in the country since the industry expects an export growth of 12 percent this year.

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

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search