Textile industry urged to create highly added value products
Prime Minister Nguyen Xuan Phuc has asked the textile and garment industry to strongly shift from processing to production, aiming to create more highly added value products.
Hanoi (VNA) – Prime Minister Nguyen XuanPhuc has asked the textile and garment industry to strongly shift fromprocessing to production, aiming to create more highly added value products.
Speaking at a ceremony to mark the 20th founding anniversary of the VietnamTextile & Apparel Association (VITAS) in Hanoi on December 13, PMPhuc stressed that with 7,000 enterprises operating in the field, the sector ismaking important contributions to the country’s development.
He praised VITAS for well performing its task as a bridge between the Governmentand enterprises, as well as in giving policy consultations, especially innegotiating free trade agreements (FTAs) between Vietnam and partners.
The PM urged the sector to swiftly converting production model in order createhigher added value products, saying that with its increasingly exportturnover through years, the sector is contributing to ensuring social security,increasing budget collection and promoting economic structure shifting.
PM Phuc also pointed out shortcomings and difficulties facing theindustry, saying that the production still depends on imported materials.
He stressed the need for textile enterprises to focus on building trademarks fortheir products, take measures to promote sustainable development, and fully tapadvantages brought by FTAs that Vietnam has joined.
The government leader asked the sector make more efforts to reach a higher ladderin the national economic value chain, towards helping the country maintain its positionof the world’s third biggest textile and garment producer.
On the occasion, the PM presented the Government's Emulation Flag to theVITAS.
Vietnam’s textile export turnover is forecast to hit 39.5 billion USD in2019, up 9.1 percent year-on-year. The figure is expected to reach 110 billionUSD in 2030./.
Vietnam’s textile and garment industry was likely to reach its target of 40 billion USD in export turnover this year despite facing difficulties in some markets.
The domestic textile and garment industry is expected to reach its export revenue target of 40 billion USD this year despite facing many difficulties, said Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).
Vietnam’s textile and garment industry is estimated to grow about 7.55 percent this year, according to President of the Vietnam Textile and Apprarel Association (VITAS) Vu Duc Giang.
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At the ceremony (Photo: VNA) 
