>>
Home / Knowledge / News / Apparel/Garments / Four advantages to help T&C sector achieve targets in 2009

Four advantages to help T&C sector achieve targets in 2009

08
Jan '09
At a conference on January 5, Mr. Le Tien Truong, Deputy General Manager of Vietnam National Textile and Garment Group predicted that in 2009, the textile and garment industry would face with more difficulties and exports from the industry are likely to dip by as much as 15 percent, due to which it would be difficult to meet the export targets set for 2009.

According to him, the visible challenges to the industry originated from the financial crisis and economic downturn globally which has affected sales of Vietnamese high quality products because the consumers have tightened their pockets. The opening of Vietnamese markets under WTO commitments has put more pressure on enterprises in domestic market.

However, thanks to the long-term development strategy based on the four inherent advantages of the textile and garment sector like quality, price, good labour relations and environment-friendly production facilities and which is also acknowledged by foreign partners, brings hope to the sector of achieving a growth rate in 2009 vis-à-vis 2008.

The whole industry in general and Vinatex in particular will focus on improving productivity and save on every conceivable aspect to improve the cost competitiveness in order to meet the challenges from other countries head on. He also advised companies to expand to other markets like Middle East, East Europe and Africa to lessen the dependence on traditional markets.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Pic: Shutterstock

Textiles | On 18th Jan 2022

Singapore, Bangladesh agree to conclude FTA early

Bangladesh and Singapore have agreed to accelerate the process of...

Pic: Airlines IATA

Textiles | On 18th Jan 2022

Supply chain disruptions stall global cargo growth in Nov 2021: IATA

Data for global air cargo markets have revealed slower growth in...

Pic: Shutterstock

Textiles | On 18th Jan 2022

Philippine garment-textile industry seeks govt support to protect jobs

The Clothing and Textile Industry Tripartite Council (CTITC) in the...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Ahmet Gecikli,

Ahmet Gecikli

Ser Mekatronik, founded in 2008, is specialised for providing mechanical...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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

Leave your Comments

ESTEEMED CLIENTS

Lifestyle
Benetton Group
Green Fibre
Aramark Uniform ;& Career Apparel, LLC
J ;& P Coats
Permoda(Koaj/Armi/Pronto/Bkul)
Abit
Esprit Europe Services GmbH
Midas Clothing Limited
Page Industries Limited (Bangalore)
Decathlon
SHAHI Exports Pvt Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
Rosset ;& Cia Limited
G-Star Raw C.V.
Target Corporation (MN)
C;&A Sourcing International Ltd
Splash

January 2022

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


Advanced Search