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Premier urges Vinatex to take lead in overcoming crisis
26
Feb '09
Mr Nguyen Tan Dung, Prime Minister, Vietnam
Mr Nguyen Tan Dung, Prime Minister, Vietnam
At a recent meeting held with the top brass of Vietnam National Textile Garment Group (Vinatex), members of the textile trade body VITAS and senior government officials, the Prime Minister of Vietnam, Mr Nguyen Dung called on Vinatex to join hands with other companies and help the whole industry overcome the effects of the recession.

Mr Dung said, the textile companies should focus on goals and specific measures to boost exports and increase domestic consumption in order to save and create more jobs. He urged Vinatex to follow the guidelines laid out in the policy document of the government in order to reach US $25 billion by 2020 in exports from the sector.

The Chairman of Vinatex, Mr. Le Quoc An, said, that despite the global economic slowdown, the textile and garment industry in Vietnam had been able to reach $9.1 billion in export sales, marginally lower than the targeted figure of $9.5 billion and in the process was able to garner a growth of 17 percent, when compared with that of 2007.

The meeting was also attended by all the three Deputy Prime Ministers, the Minster of Industry and other senior ministry officials, who were all of the opinion that exports and creating jobs were the two inherent positives of the sector and added by saying that policies supporting exports should be framed to see through this turmoil.

Fibre2fashion News Desk - Vietnam

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