February 21, 2015 | 20:56 (GMT+7)
Growth expected in textile, footwear export turnover
Several Vietnamese companies have received full orders for textile products by the end of the first quarter of this year, according to the Ministry of Industry and Trade...
Several Vietnamese companies have received full orders for textile products by the end of the first quarter of this year, according to the Ministry of Industry and Trade.
The ministry said that some large firms have also received orders for delivery by the end of the second quarter.
In January, the textile and apparel export turnover was expected to be USD 1.9 billion, a 1.2 percent increase year-over-year.
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A textile export company in Hai Duong. Photo: baotintuc.vn |
The output of textile products has increased, compared with January 2014. The production of textiles made from natural fibers is estimated to rise by 9.7 percent to reach 25.2 million sq.m, while that of synthetic-fiber and man-made-fiber textiles will see a 14.8 percent boost to touch 61 million sq.m.
The turnover of footwear exports is estimated to increase by 23.2 percent in comparison with January last year, gaining USD 1.05 billion.
The production of shoes and sandals this January is expected to reach 24 million pairs, a 19.8 percent increase over January 2014.
The significant increase in the turnover of footwear exports comes from FDI companies, rather than state-owned firms.
The ministry said that in order to take advantage of preferential trade agreements, local enterprises need to be more proactive in producing and diversifying material resources. It also asked them to do research to meet the demands of customers, and enhance the added value of exported products.
Source: VNA