Vietnam's textile and garment industry needs to motivate itself and attract foreign investors to top ASEAN member states in the field, feels the chairman of the Vietnam Textile and Apparel Association (VITAS), Vu Duc Giang. Giang was speaking at a conference themed ‘Strengthening the supply chain in the ASEAN textile sector towards sustainable development’ in Hanoi.
The country has targeted an export turnover of $29 billion this year, $2 billion higher than 2015 Giang says that there were more than 6,000 textile and garment businesses operating in the country, creating stable jobs for more than 2.5 million workers. Vietnam happens to be the largest exporter of textiles and garments in the region. This production sector developed thanks to its wide and deep integration into the region and the world. From a sector that mainly served domestic consumption, it has become a leading force in the country's export turnover.
It has also helped Vietnam become one of the largest five exporters of textiles and garment in the world, he added. Vietnam has been a member of the ASEAN Federation of Textile Industries (AFTEX) since 2001. AFTEX has initiated two big programs - the alliance of the ASEAN supply chain and the ASEAN professional skills standards - which have resulted in many advantages for the region.
