The Ministry of Industry and Trade has come up with an eight-year plan for Vietnam’s textile and garment industry to attain annual production growth of 16-18% in the years ahead.
A worker at a textile and garment factory (Photo: TTO)
Other targets include more cotton planting in different areas and more focus on improving the yield and quality of cotton wool for the textile mills.
With export revenue of US$5.8 billion for the industry in 2006, Viet Nam has become the world’s tenth biggest exporter of textiles and clothing.
The ministry’s target for this year is US$7.5 billion, an increase of 28.5%.
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