Vietnam : President awards 42 textile & garment firms
September 28, 2014/Fibre2fashion.com, India
While awarding 42 businessmen from textile and garment industry, President Nguyen Minh Triet praised the contribution of the sector in the modernization of country’s economy.
He hailed their achievement despite the small quotas and high import taxes as exports from the sector reach US $5 billion per year. He also regretted the fact that the industry is still hampered by shortcomings and problems while the country prepares to enter WTO.
President expressed confidence that some companies have the capacity to overcome their problems and prosper and asked industry to strive to stand on its own feet.
Chairman of Vietnam Textile and Garments Association and the head of event’s organizing board, Le Quoc An informed that awards were given to 42 companies for attaining excellent result in business, exports and market development.
He disclosed that last year industry’s export turnover was $4.8 billion which is expected to jump by 20 percent to $5.8 billion in 2014.
