Textile brand reaches the largest export turnover

Mr. Le Tien Truong, Deputy Director of Vinatex said that, the export turnover of textile and fiber brand will reach about 7.5 billion USD in the first six months of the year.

The export turnover of textile export will reach 6.6 billion USD. This brand keeps being the highest export turnover of Vietnam export.

b2b-vietnam-Textile brand reaches the largest export turnover

From this result, it can be shown that the textile brand and Vinatex still maintain their stable growth in the situation of many challenges. USA, EU and Japan are the potential markets of Vietnam, but they are meeting some difficulties because of the decreasing of the cotton price in the market, it is just 40 – 50% of the cotton price in the last same period.

Mr. Truong predicted that, the last six months of the year can be the risk of the decreasing all over the world. EU market does not recovery, so does USA. Thus, the anticipation of growing up in those markets is so far.

To meet the goal of 18 billion USD in export turnover, the Group is completing the capitalization.

Together with the capital cycle, Vinatex also increases the using of fixed assets, monthly checks liabilities and storage. Besides, the Group keeps implementing the management of Government’s capital, and also of the Group. In addition, the Group explores the traditional markets and enlarge the new ones to find the own opportunities for textile and fiber brand.

The Group also applies many high technologies to reasonably improve the quality and quantity of products.

Textile brand reaches the largest export turnover

Source: Haiquanonline

Translated by: maxib2b.com