VIETNAM: Textile Industry Aims For $2.3bn Exports In 2001
Vietnam's garment and textile industry aims to earn $2.3bn from exports this year, but the ambitious plan could be undermined by tough competition and lack of organisation and funding for its domestic mills, Asia Pulse reported today. The industry, which has posted an impressive average annual growth rate of 10 per cent in recent years, earned an estimated $1.87m in exports in 2000 - a six per cent increase on 1999. It accounts for 22 per cent of the industrial sector's labour force, employing some 500,000 workers in around 1,000 mills.
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