HCM CITY (VNS)— With export turnover expected to grow 12 per cent this year, the textile and garment sector will create an additional 200,000 jobs.
|An employee of Hai Phong Garment and Import-Export Company at work. — VNA/VNS Photo Tran Viet
The sector targets a turnover of US$19 billion this year, according to the deputy general director of the Viet Nam National Textile and Garment Group (Vinatex) Le Tien Truong
He was quoted as saying by Lao Dong (Labour) newspaper that for every $1billion in turnover, the industry has typically been able to create an additional 100,000 jobs.
Truong urged textile and garment companies to develop solid strategies to consolidate their status in the increasingly volatile market, suggesting focus be placed on small- and medium-sized orders that require fast delivery turnaround, while improving both productivity and product quality.
In the past five years, the textile and garment sector has seen rapid and sustainable growth. Last year's sales were not as robust as expected because of sluggish economic growth in major markets such as the US, EU and Japan.
"However, Viet Nam still achieved textile and garment export turnover of $17.2 billion and more than 2 million labourers worked in the industry last year," he noted.
Moreover, Vietnamese textile and garment products were becoming more valued in markets around the world, according to Truong. Exports to the US went up 9.2 per cent, to Japan rose 19.3 per cent and to South Korea, 9 per cent last year, he said.
In 2012, the textile and garment sector used 47 per cent local materials. This year, the sector aims to increase the rate to 50 per cent and to over 50 per cent by 2015. —VNS