The Vietnam National Textile and Garment Group (Vinatex) has set the objective of an export growth of 12% in 2014.
The Vietnam National Textile and Garment Group (Vinatex) has set the objective of an export growth of 12% in 2014.
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| Apparel made for export at Dong Tien Joint Stock Company |
According to Vinatex Deputy General Director Le Tien Truong, despite the economic difficulties forecast for this year, the country’s garment sector sees bright prospects.
In order to reach the goal, the group will apply measures to improve investment, finance and human resource management policies, in addition to developing its markets and renovating business development, he said.
Last year, Vinatex’s export revenue totaled nearly US$3 billion, a 12% rise against 2012, while its domestic earnings reached VND22.5 trillion (US$1.05 billion), up 15%. The average salary of its employees increased by 10% over the previous year to more than VND5.2 million (US$244.40) per month.
In 2013, Vietnam’s garment and textile sector earned US$19.8 billion from exports, up 16.9% year on year, accounting for 15% of the country’s total export revenue.
Meanwhile, another apparel giant, the May 10 Corporation, recorded an export turnover of VND1.8 trillion (US$84.6 million), an increase of 20% over the previous year. The firm will strive to raise the figure to more than VND2 trillion (US$94.7 million) this year.
(Source:Nhan Dan)
