VIETNAM MISSES KEY TARGETS OF OUTGOING NATIONAL TEXTILE-GARMENT PLAN
November 1st, 2019
Eleven years after Vietnam’s Ministry of Industry and Trade approved its textile and garment industry development strategy for 2010-2020, the availability of domestically-made textile inputs remains a major problem, hindering clothing manufacturers in the country.
Jacky Roy, CEO of Signature Kollections Group- Vietnam, a knit and woven apparel manufacturer based in the UK and India, told just-style that the “price of local cotton or polyester fabric compared to imported fabric is 40 percent higher, making it too costly to fully replace imports.”
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