VIETNAM:Create conditions for the textile

[2008-12-23 17:04:40]

The Ministry of Industry and Trade has predicted that Vietnam will reach an export turnover of US$48.1 billion this year, up 20.5 percent against last year? figure and higher than the set target of US$46.7 billion.

If it is to achieve the export turnover of US$48.1 billion, then export earnings from the remaining months of the year should be US$12.9 billion. According to the ministry more than 75% of the set target is already fulfilled.

 

Domestic enterprises fetched US$15.4 billion in export turnover, making 43.7 percent of the country? total export turnover while foreign-invested enterprises earned US$19,8 billion from exports, accounting for 56.2 percent of the total export turnover.

According to the statistics, garment and textile exports earned US$5.8 billion, up 31.7 percent against the same period last year, making these products the country? leading export items.

It is estimated that garment and textile export turnover will reach US$7.5 billion this year, up 20 percent. Electronics and computer spare parts posted US$1.513 billion in export turnover, up 23.6 percent while wood exports reached US$1.7 billion, up 24.8 percent.

Nguyen Van Thong , deputy director of Hoa Tien garment and textile company, called on the Government to develop policies to create more favourable conditions for the garment and textile sector.

According to Mr Thong, the labour force in the sector fluctuates 20 percent per year and the number of workers in the sector has been reduced as they were attracted by other sectors. At present, the Government has provided VND1 million in aid for training one worker, but the sum was only VND 500000 /person in localities. In particular, a number of localities have received no aid.

Despite many difficulties in increasing export growth, most businesses pin high hope on the Government? decisive policies in the near future. They have asked the Government to provide more support and resolve problems relating to administrative and customs procedures. It is also necessary to have appropriate measures to take advantage of Vietnam? World Trade Organisation (WTO) membership.

Source: 中国床上用品网
Keywords:textile; yarn
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