Vietnam Rakes in $US4.2BLN From Textile, Garment Exports

Tag : Garment Making
The European Union (EU) came in second, generating $US780 million,while Japan ranked third with $US360 million.
According to Vitas, the failure of the US Department of Commerce tofind proof of anti-dumping conduct by Vietnam's textiles andgarments industry was a good sign for the sector's exportactivities in the future.
To reach the target of $US5.3 billion, local businesses should makegreater efforts for the second half of the year, when they stillfaced difficulties, including increasing material prices, high loaninterest rates, human resource shortages, and high inflation, VitasChairman Le Quoc An said.
In addition to the challenges, the industry had many advantages. Hesaid it had received a lot of orders and that there was no concernabout anti-dumping lawsuits.
The official recommended that businesses increase exports of highvalue-added and new products in order to reduce the impacts ofmonitoring operations imposed by importing nations.
Enterprises should be more active in expanding into new markets,particularly in the Middle East and Africa, and fixing theirshortcomings in management and productivity, An said.