Facilitating the growth of textile and garment exports
2018-07-20 14:18:26 / VTG - Vietnam Int'l Textile & Garment Industry Exhibition
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Garment-textile export revenue reached over US$13.4 billion in the first six months of 2018, an annual increase of 13.8%. This is considered a good sign for the industry to realise its export target of US$34.5 billion by the end of the year. |
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Despite the abundant orders and job creation for millions of workers, the profitability of the industry has not matched its potential. In order to promptly reach the target, enterprises should promote production while improving productivity and the quality of products to increase their competitiveness in the market. At the moment, most domestic enterprises have signed orders until the end of the third quarter, while some enterprises have even signed until the end of 2018. In particular, many companies had to increase working shifts in order to meet their deadlines. Chairman of the Board of Directors of Saigon Garment Manufacturing Trade Joint Stock Company (Garmex Saigon), Le Quang Hung, said that, due to the many export orders and tight production schedule until the end of the year, the company must mobilise all of its resources as well as increasing its working hours. The company set a target revenue of VND1,700 billion in 2018 but its revenue has already hit VND900 in the first six months, an annual increase of 20%. |
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Source From: Nhan Dan Online
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