15:37 | 22/06/2017 Companies
A working group of the Prime Minister headed by Minister and Head of the Government Office, Mai Tien Dung held a working session with the Vietnam National Textile and Garment Group (Vinatex) on June 20.
Speaking at the session, Minister Dung said in recent years, Vinatex has been innovative and gained impressive achievements, occupying a large proportion of exports in the industry. The group has paid attention to developing the market, technology and management as well as created jobs for 80,000 workers, he noted.
However, since 2016, the group has encountered many difficulties after the US withdrew from the Trans-Pacific Partnership (TPP) agreement.
Minister Dung also conveyed the PM's instruction to VNPT on a number of issues related to promoting research and development activities and technology application in garment production to offer value-added products, promoting the equitisation of garment enterprises, while enhancing the effectiveness of investment projects and accelerating administrative reform.
Vietnam’s textile and apparel sector has set a target of 7% growth over 2016, with total export earnings of over US$30 billion.
Currently, Vietnamese garment and textile products are available in 40 countries and territories around the world, with major markets including the United States, Japan, the Republic of Korea, China and the EU.