Despite predictions that the domestic economy would continue to face difficulties, garment companies remain optimistic about growth this year.
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Despite predictions that the domestic economy would continue to face difficulties, garment companies remain optimistic about growth this year.
Dong Nai Garment Corp (Donagamex) has announced that its Dong Phuoc garment factory would open after Tet.
“We will soon import $500,000 worth of equipment to speed up production and fill orders booked up to June ,” Donagamex general director Bui The Kich said.
Although having high hopes for the company’s growth this year, Kich said his company had set a modest goal, expecting to earn only VND75 billion ($3.66 million), VND5 billion more than in 2012.
Last year, Donagamex experienced a 12 per-cent revenue increase to VND70 billion ($3.41 million).
Meanwhile, the HCM City-based Century Synthetic Fibre Joint Stock Co (CSF), one of the country’s large garment enterprises, recently approved its business plan for 2013, targeting a significant boost in revenue.
She said the garment sector successfully fulfilled its set export target thanks to “great efforts” by domestic firms in sharpening competitiveness and lowering production costs.
Garment export earnings in 2012 enjoyed a year-on-year increase of 7-7.5 per cent, a significant effort in the current challenging context, Dung said.
(Source: VNS)
