Streamlining production costs to increase competitive edge and stabilising labour should help Viet Nam´s textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garment and textile sector hit its 5.4 billion USD export turnover target. Many textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garment and textile companies posted strong figures last year, and are looking to build on that for 2006. The Viet Nam National textile and textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garment Corporation (Vinatex), the country´s leading state-run textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garment producer, saw its total revenue hit 16.2 trillion VND (1 billion USD) last year, up 10.9 percent against 2004 with a 9.7 percent rise in export turnover to 896.7 million USD. Vinatex´s deputy general director Vu Duc Giang said that with last year´s soaring raw material costs, Vinatex members managed to boost production and business efficiency, yielding a 151.3 billion profit, up nearly 61 percent from 2004.
Viet Tien textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garment Co gained an impressive profitability of 35 billion VND, followed by Phong Phu textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garment and textile Co 25 billion VND and Nha Be textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garment Co 20 billion VND. Vinatex acted to stabilise its labour force by ensuring 100,000 jobs with an average monthly income of 1.48 million VND per person. This year Vinatex, which has more than 50 member companies and subsidiaries, is looking to produce 570 million sq.m of silk, 137.6 million of knitwear and
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| more than 1 billion of apparel. It will also seek to raise the localisation rate among its textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garment items to 45 percent in 2005 with an aim to generate a 12.4 percent growth in export revenue. Vinatex subsidiaries have focused on perfecting organisational structure and lessening production costs to increase their competitive edge. Despite the EU’s lift of the textile quota on Vietnamese textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garments, exports to this market remained stagnant due to harsh competition from Chinese goods.
As well, the US textile quota means the market remains limited, due mostly to inappropriate management from relevant ministries. Giang said that Vietnamese textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garments face fierce competition in the US market against exports from 150 other countries, particularly duty-free goods from China. Apart from that, the local textile and textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garment industry still suffers from an acute shortage of labourers and the potential threat of dumping lawsuits. He suggested that the sector should improve communication and awareness to minimise the risk of dumping lawsuits, while tightening administration to stop quota overlap on locally made textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garment products. Viet Nam’s textileintelligence.com/news/index.php?ns=garment" target="_blank" title="Click to see all the articles,category wise,
having the word 'Garment'
in the Headlines or Body.">garment and textile sector has targeted increased investment as well as forming raw material centres and apparel-specific industrial parks to raise localised production capacity and material supplies. 
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