Vietnam's textile and clothing sector calls for revised strategy


Officials from Vietnam’s textile and clothing industry are calling on the government to revise its “out of date” 2020 development plan with a vision for 2030 that matches the country’s economic progress.

The current plan was approved in April 2014, when it was expected that Vietnamese clothing exports would reach US$20-25bn by 2020. However, in 2015, the garment sector had already earned an export turnover of US$27.5bn.

Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (Vitas), said the industry wants the government to revise the plan as it is inappropriate and regressive.

According to Vitas, with the current growth the sector has set an export turnover of US$40-50bn by 2020, instead of the targets set out in the current plan.

For the full story, see the June 2016 edition of Textiles South East Asia. Not a subscriber? Sign up HERE