Garment and textiles would become Vietnam’s top export item this year, if the sector manages to maintain the 19 percent growth rate attained during the first three months of the current year, the Ministry of Industry and Trade has forecasted.
According to a Viet Nam News report, Vietnam Textile and Garment Association (VITAS) deputy chairperson, Dang Phuong Dung, said there are good prospects for revival of the Vietnamese apparel and textile industry, which posted an export turnover of US$ 4.2 billion during the first quarter of 2013.
Noting that the sector’s exports have continued posting positive results even after the first quarter, deputy chairman of the Vietnam Textile and Garment Group (VINATEX), Le Tien Troung forecasted that exports would hit historic highs during the month of April.
However, he added that spiralling cost of inputs like petrol prices and electricity charges may compel textile producers to enhance their productivity and also pay better remuneration to the workers.
He further said that while increasing number of overseas firms are eyeing to tap the Vietnamese market, Vietnamese apparel enterprises also need to focus on the 90-million strong domestic market.
