Scarcity of available fabric prevented garment industry of Vietnam to make the most out of its potential, although, there was an overall increase in the garment exports.
The Garment industry has superseded oil and gas exports to top the chart of the country’s exports. In the first nine months of 2007, the industry accounted for nearly US $5.8 billion of export turn over.
Since the country heavily depends on outsourcing most of its materials, the import of goods consumed for production stood at $4.9 billion which is still less than the required amount.
Following China's footsteps, the CEO of Ho Chi Minh’s biggest garment producer aims to introduce their own new materials and designs to the global market through catalogs.
State run garment group Vinatex, along with several other local firms is planning to collaborate with foreign companies to establish a few fabric manufacturing units to feed the garment industry and boost the country’s textile exports.
The Garment industry has superseded oil and gas exports to top the chart of the country’s exports. In the first nine months of 2007, the industry accounted for nearly US $5.8 billion of export turn over.
Since the country heavily depends on outsourcing most of its materials, the import of goods consumed for production stood at $4.9 billion which is still less than the required amount.
Following China's footsteps, the CEO of Ho Chi Minh’s biggest garment producer aims to introduce their own new materials and designs to the global market through catalogs.
State run garment group Vinatex, along with several other local firms is planning to collaborate with foreign companies to establish a few fabric manufacturing units to feed the garment industry and boost the country’s textile exports.
