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Garment sector targets 55 billion USD from exports by 2025 | Business

55 billion USD from export and generating 3 million jobs by 2025 (Source: VNA) Hanoi (VNA) - The garment sector has set targets of earning 55 billion USD from export and generating 3 million jobs by 2025. The targets were unveiled at the sixth congress of the Vietnam Textile and Apparel Association (VITAS) in Hanoi on December 12. To meet the targets, the garment sector will capitalise on free trade agreements Vietnam has signed with its partners. The VITAS will play a better role in connecting businesses with international organisations and customers to elevate Vietnamese garments’ position in the global supply chain. The VITAS proposed the Ministry of Industry and Trade soon submit to the Government

Collective economy key to growth in Vietnam: DPM

Share Collective economy key to growth in Vietnam: DPM Sun, 13 December 2020 Vietnam will develop the collective economy in the direction of building product value chains, increasing its contribution to domestic economic development. Deputy Prime Minister Trinh Dinh Dung said this at a forum held by the Ministry of Planning and Investment and the Vietnam Cooperative Union on December 11 in Hanoi. At the same time, ties among cooperatives would be promoted to form associations or unions, he said. To develop the collective economy with a core of cooperatives, it is necessary to consider the collective economy one of the four important economic components in the socialist-oriented market economy, Dung said.

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