Vietnam Apparel Exports Heyday, HSBC
Vietnam apparel sector is witnessing its heyday and is likely to have a bright prospect in the near future, David Morton, vice director of Hong Kong - Shanghai Banking Corporation said on October 9.
The sector would bring in over US$7 billion this year, forecast David Morton, citing that in the first nine months, Vietnam shipped US$5.8 billion worth apparels, up 31 per cent on year, surpassing the crude oil sector to become the country’s leading forex earner.
If the sector receives better investments, its will fully tap potential advantages to achieve more significant results, affirmed the HSBC official.
Vietnam will need around US$7 billion to boost the country’s input material production to obtain annual production growth of 18 per cent by 2015, export growth of 20 per cent, noted the Ministry of Industry and Trade. (VNA)
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