PM urges garment, footwear sectors to build brands, promote supply chain linkages

November 24, 2020 | 08:00

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Prime Minister Nguyen Xuan Phuc asked the garment-textile and footwear sectors to promote the building of Vietnamese brands and supply chain linkages, and develop supporting industries during a working session with the sectors’ representatives in Hanoi on November 23.

pm urges garment footwear sectors to build brands promote supply chain linkages

Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA)

Hanoi - Prime Minister Nguyen Xuan Phuc asked the garment-textile and footwear sectors to promote the building of Vietnamese brands and supply chain linkages, and develop supporting industries during a working session with the sectors’ representatives in Hanoi on November 23.

Hailing their achievements, he said that the textile-garment and footwear industries play an important role, employing a huge number of workers, up to 4.3 million. Their exports account for a large proportion of the total national export turnover. In 2019, these two industries exported products worth 62 billion USD, equivalent to 24 percent of the country's total.

He urged the sectors to make reforms to improve corporate governance efficiency in the new situation and promote digital transformation in the management and operation of textile enterprises, thus helping them make the effective use of free trade agreements, including the freshly signed Regional Comprehensive Economic Partnership (RCEP) Agreement.

The Government leader also noted the need for "green growth" in the development of the textile and garment industry, application of a circular economy, and continued automation to raise the labour value.

According to the Vietnam National Textile and Garment Group, Vietnam's textile and garment industry is forecast to earn about 33.5-34 billion USD from exports this year.

VNA

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