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Vietnam PM urges garment, footwear sectors to build brands
27 Nov '20
1 min read
Pic: Shutterstock
Vietnamese Prime Minister Nguyen Xuan Phuc recently asked the garment-textile and footwear sectors to promote the building of domestic brands and supply chain linkages, and develop supporting industries. During a working session with the sectors’ representatives in Hanoi, he urged the sectors to make effective use of free trade agreements (FTAs).
He urged the sectors to make reforms to improve corporate governance efficiency in the new situation and promote digital transformation in the management and operation of textile enterprises, according to a news agency report.
Exports from these industries account for a large proportion of the total national export turnover, he said. In 2019, these two industries exported products worth $62 billion, equivalent to 24 per cent of the country's total.
According to the Vietnam National Textile and Garment Group, the country’s textile and garment industry is projected to earn about $33.5-34 billion from exports this year.
He urged the sectors to make reforms to improve corporate governance efficiency in the new situation and promote digital transformation in the management and operation of textile enterprises, according to a news agency report.
Exports from these industries account for a large proportion of the total national export turnover, he said. In 2019, these two industries exported products worth $62 billion, equivalent to 24 per cent of the country's total.
According to the Vietnam National Textile and Garment Group, the country’s textile and garment industry is projected to earn about $33.5-34 billion from exports this year.
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