Vietnam aims to become more aggressive in competing for higher shares of the world market in textiles, garments, leather and shoes production, its Deputy Prime Minister has announced.

Nguyen Manh Cam was firm about the need to reduce production costs, invest in renovating technology, diversify designs, and put more effort into marketing if the country is to remain competitive.

Cam laid down a variety of ways to improve market presence, including the establishment of efficient distribution and business networks in potential markets abroad - including the US, EU, Japan and China, and greater vigilance at home with regard to export market regulations and requirements.

Vietnam's textile and garment export turnover reached $1.54 billion in the first nine months, a rise of 8.8 per cent on the same period last year, but lower than the annual target set. The Vietnam Textile and Garment Corporation earned $376.3 million from exports in the year ending September.


To view related research reports, please follow the links below:-

The 2000-2005 World Outlook for Footwear

The 2000 World Forecasts of Footwear Export Supplies

The 2000-2005 World Outlook for Leather and Leather Products