Vietnam’s $ 44 bn target in textiles and garments export this year is feasible to achieve, Vietnam News Agency cited Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association as saying on Wednesday.
The statement was made based on the fact that many retail corporations from Free Trade Agreement member countries such as Canada, Australia, Europe have come to Vietnam to find supply chains with competitive prices.
He said the recent increase in orders showed that the textile industry has continuously recovered. However, facing potential market risks, businesses need to seek solutions to maintain growth and stabilize jobs for workers.
According to the association, global manufacturers as well as textile and garment supply chains continue to choose Vietnam as a destination for manufacturing and placing orders.
Vietnam earned over 9.53 billion dollars from exporting textiles and garments in the first quarter of this year, up 9.62 percent year on year, according to the association. The Southeast Asian country ranks third in the world in terms of textiles and garments exports.
