Chairman of the Viet Nam Textile and Garment Group (Vinatex), Le Tien Truong, tells our special issue about it overcoming unparalleled obstacles in 2020 and what this year may hold.
Lower-than-expected export revenue last year showed the industry was facing problems in participating more deeply in the global value chain and expanding exports to niche markets.
Viet Nam’s textile and garment industry is striving to achieve export turnover of more than US$40 billion in 2019, a year-on-year increase of 14-15 per cent.
General Director of the Vietnam National Textile and Garment Group (Vinatex) Le Tien Truong has said Vinatex will promote trade in Canada to tap opportunities brought by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The textile and garment sector enters the second quarter (Q2) of this year with promising signs from new import markets, said General Director of the Viet Nam Textile and Garment Group (Vinatex) Le Tien Truong.
The Viet Nam Textile and Garment Group (Vinatex) will mobilise VND5 trillion (US$242 million) for fibre, textile and garment development to boost this year’s production.
The Viet Nam National Textile and Garment Group (Vinatex) will invest
most of its capital in material production projects in a move to reduce
dependence on imports.
The Viet Nam National Textile and Garment Group (Vinatex) has postponed
its initial public offering (IPO) until September 22, announced the HCM
City Stock Exchange