Home / Knowledge / News / Apparel/Garments / Textile & garment sector set to covet top position in exports
Textile & garment sector set to covet top position in exports
21
Jan '09
Mr Bui Xuan Khu
Mr Bui Xuan Khu
The Vietnamese Deputy Minister of Industry and Trade, Mr Bui Xuan Khu said at a recent press conference, that the ministry will hold an online conference in Ha Noi, Ho Chi Minh city and Da Nang to discuss measures to remove difficulties affecting the textile, garment and footwear industry and boost exports.

Participants from the concerned association bodies will prepare ideas, recommendations, specific policies and support measures to enable enterprises to invest in producing new products and auxiliaries, increase productivity, reduce cost and search for new markets.

This conference is vital because textile and garment industry aims to be the leading industry in export value in 2009 with an export target of US $11.5 billion, as was targeted in 2008 by the ministry.

The industry had targeted to be at the top from Vietnam's leading export industries about ten years ago. However, crude oil due to its high price in the last few years surpassed export values of other industries.

However, this year, the price of crude oil has fallen down sharply and secondly a major quantity of the crude oil previously meant for export will now refined at the Dung Quat oil refining factory, due to which export quantity and value of crude is expected to fall sharply.

As a result of which, the textile and garment industry will emerge to hold the first position among all export sectors in 2009. But, again looking at the current global situation, reaching those targets may not be easy say, experts.

Mr. Khu exhorted all textiles and garment enterprises to make use of every available opportunity by investing in modern technologies, train human resources, build brand names and develop retail strengths.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Giorgio Mantovani
Corman S.p.A

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

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

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search