Việt Nam’s textile and garment industry was likely reach its target of US$40 billion in export turnover this year despite facing difficulties in some markets.
The Viet Nam National Garment and Textile Group (Vinatex) has targeted a 12 per cent profit increase this year despite various challenges arising from the US-China trade war.
Viet Nam National Garment and Textile Group (Vinatex) posted revenue of nearly VND48.7 trillion (US$2.08 billion) and pre-tax profit of VND1.53 trillion in 2018, a year-on-year increase of 6.6 per cent and 6.2 per cent, respectively.