The Vietnam Textile & Apparel Association (VITAS) expects the sector will generate $31 billion in exports in 2017, a year-on-year rise of 10.23 per cent. The sector has done well in a challenging year as the Trans-Pacific Partnership was cut short, and renamed Comprehensive and Progressive Trans-Pacific Partnership, VITAS vice chairman Truong Van Cam said.
Apparel exports in the last two months of this year are expected to reach $5.27 billion, increasing the total exports to more than $30 billion, according to a Vietnamese news agency report.
The industry has applied technologies to create better-quality, value-added products and VITAS has initiated trade promotion programmes and professional training courses to increase productivity and adopt smart production models, CAM told a recent press conference in Hanoi.
A conference to review the sector’s performance will be held on December 15 in Da Nang city. (DS)
Fibre2Fashion News Desk – India