VN textile industry looks to 2020 and beyond
Sun 01, 2017
The domestic garment and textile industry wants to revise a development plan to 2020 with vision for 2030, to match the progress of the country.
The current plan was approved in April 2014, and it is expected that Việt Nam garment exports will reach between US$20 billion and $25 billion by 2020. However, in 2015, the garment sector already earned an export turnover of $27.5 billion. All the garment and textile businesses have actively taken advantage of opportunities through trade agreements such as the Trans-Pacific Partnership (TPP), Vietnam-Korea Free Trade Agreement (VKFTA), and Vietnam-EU Free Trade Agreement (EVFTA).