Vietnam's garment sector to aim average 6% annual growth

The potential markets include members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA), as well as the proposed Regional Comprehensive Economic Partnership (RCEP).

Vietnamese firms have also invested in emission-free technologies in fibre production and waterless dyeing to meet the criteria of the global supply chain, he said.

At a conference with the prime minister on May 9, VITAS offered suggestions related to taxation and administrative procedures to tackle difficulties faced by firms, according to a media report from the country.

It proposed that the ministry of industry and trade should soon submit the Vietnam Textile and Garment Development Strategy till 2025 with a vision till 2035 to the prime minister for approval.

VITAS also mentioned the planning of major textile industrial zones using concentrated water treatment technology.

Source: Fibre2Fashion