Vietnam: Garment and textile sector accelerates growth in second quarter
(Thai Press Reports Via Thomson Dialog NewsEdge)/TMCnet
Section: Regional News – To obtain a minimum of 25-27 percent of this year’s plan in the second quarter in order to fulfill the growth target, the VGTG is striving to complete its organisation and operation regulations, and financial procedures; speed up equitisation process of member companies; form product groups; build material trading centres in Hanoi and Ho Chi Minh City; and expand the operations of the fashion company.
Member companies of the Vietnam Garment and Textile Group (VGTG) achieved high production and consumption growth in the first quarter of this year, compared to the same period of 2005. Industrial production value reached more than VND2,400 billion, up more than 20 percent, turnover increased by 17 percent, export value earned more than US$120 billion, up 26.5 percent, and profit is estimated at more than VND47 billion, up 104 percent. Read more about Vietnam: Garment and textile sector accelerates growth in second quarter …