Vietnam targets to double garment export turnover in 2014
People’s Daily Online, China
Vietnam has eyed garment export revenues of 13-15 billion U.S. dollars in 2014, up from targeted 7 billion dollars in 2014, according to the Vietnam Textile and Apparel Association (Vitas) on Wednesday.
To achieve the target, local garment and textile producers are increasing the local content to 50 percent and the added value to 50 percent in the next four years.
The association is encouraging local garment firms to further explore traditional markets such as the United States, the European Union, and Japan, and seek more new ones.
It also urged them to focus on building trademarks, strengthening trade promotion, increasing products’ quality and improving design, marketing and management.
Vietnam reaped textile and garment export turnover of more than 5.8 billion dollars in 2014, of which over 3 billion dollars came from the United States, over 1.2 billion dollars from the European Union, and 628 million from Japan.
Source: Xinhua
