Vietnamese clothing industry sets high export targets for 2013

Vietnam’s textile and clothing sector has set an export target of US$18.5-19bn in 2013, according to Le Tien Truong, deputy director general of the Vietnam National Textile and Garment Group (Vinatex). The sector earned US$17.2bn in revenue from exports last year.

Vinatex will follow a strategy of fast growth, high efficiency and suitable usage of investment capital in 2013, Truong said. The country’s 2015 development plan has set the goal of annual growth of 12-14% and export growth of 15%, he added.

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