The Vietnamese government is targeting 16 per cent-18 per cent annual growth in textile and garment production and 20 per cent growth in exports over the next two years under a development blueprint for the industry, the Thanh Nien Daily newspaper reported.
The sector is expected to achieve revenues of US$14.8 billion in 2010, and US$31 billion in 2020.
It also targets exports of US$12 billion in 2010 and US$25 billion in 2020 against US$7.8 billion last year.
To reach the goals, the government will focus on more local raw materials, seeking more investment, improving quality, expanding markets, and intensifying human resource development.
It is encouraging cotton production to meet the domestic demand.
The output is expected to rise to 20,000 tons in 2010 and 60,000 tons in 2020 from just 8,000 tons two years ago.
The government also plans to build textile and garment industrial parks and seek more local and foreign investment in the industry, especially in dyeing, weaving and producing cotton, synthetic fibers and other materials.
It is focusing on improving designs, promoting trademarks both at home and abroad, applying advanced technologies, intensifying quality control, and overcoming export barriers.
The government is building a quality system in line with international standards, helping textile firms with quality control and technical barriers, and setting up a database.
The government announced it would expand traditional markets like the U.S., the European Union and Japan, and find new ones.
To develop human resources, it is setting up more training courses in fashion design, fabric analysis and production and sales management, and sending experts and students abroad to attend refresher courses.
It is also simplifying tax and customs procedures, intensifying market surveillance and cracking down on smuggling.
Apparel exports have topped US$5.09 billion in the first seven months and are expected to be US$9.5 billion for the full year, according to the General Statistics Office. (Thanh Nien Daily)
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