“Hai urged the industry to focus on technological innovation, while
sourcing the best raw materials and improving the quality of its human
resources – including its management. ” “..
An adequate support industry was also necessary to ensure the sector’s sustainable development, he said. ” “..
The sector has set an ambitious target of US$12.7-$13 billion in export
earnings this year, according to the Viet Nam National Textile and
Garment Group (Vinatex).
It is also aiming to source between 55 and 60 per cent of its raw materials locally to cut import costs this year. ” “..
To achieve these goals, the sector planned to focus on finding new export markets, Vu Duc Giang, Vinatex chairman, said. ” “..
To reduce reliance on imported raw materials, Giang said Vinatex was trying to encourage farmers to grow more cotton.
However, he said it would be difficult to develop a cotton growing
industry that met the requirement of the garment and textile industry
because of poor soil quality. He said that farmers should alternate
growing cotton with other crops to boost profits.
Vinatex is preparing to establish a raw-materials manufacturing joint
stock company with its member firms to work with provinces to earmark
farmland for cotton growing. It will be looking for farms of 50ha to
100ha. ” “..
Despite a number of difficulties, the garment sector still generated
$11.2 billion from exports last year, up 23 per cent year-on-year. The
localisation ratio rose from 46-49 per cent. ”