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Productivity is raised by skills rather than increasing labour - Chairman, Vinatex
Nov '08
Mr Le Quoc An, Chairman, VINATEX
Mr Le Quoc An, Chairman, VINATEX
Over the last many years, Vietnam's textile and garment industry witnessed strong development. Vietnamese textile and garments products have made a way into the world market, thus rendering a vital role in the economic development of the country. Year by year, this emerging country in textile and garment industry has been marking up-trend in the graph of exports products.

The prestige and quality of Vietnamese textile and garments are being recognized in the world market and the industry has seen development in terms of number of enterprises; state-owned enterprises; limited liability companies, joint stock companies, private companies; investment projects, joint ventures, foreign equities with increased FDIs; employment; and production capacity too.

It is noteworthy that despite of challenges like global financial crisis, fierce competition from established countries, domestic high inflation, labor fluctuation etc.., in first 10 months of the year 2008, Vietnam embarked 7.6 billion USD in textile and garment export; a growth of over 20% year-on-year. However, with recession getting acute problem and the situation long-drawn-out, like all other countries, Vietnam is obvious to face consequences.

In such milieu, what policies will Vietnam adopt making itself resilient and win over these dilemmas? What resolutions the Country has made to sustain itself on the path of progress while stepping towards the new year of 2009 that may bring along a new set of challenges in the form of new textile trade treaties and existing laws: some of which can get extensions whilst some may see off?

For answers to these questions and some others, click here to read an exclusive interview conducted by Face2Face team with Mr Le Quoc An, Chairman, Vietnam National Textile Garment Group (VINATEX)

It is a complex that is owned by companies including Vietnam Textile Garment Group (the mother company), the centers for research and training, and nearly 100 sub-companies. These sub-companies are joint stock companies that do business in different fields, e.g., produce textile garments and run commercial services. They also have their distribution systems including wholesale and retail dealers. They invest in finance and in supporting main garment textile production.

Fibre2fashion News Desk - India

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