Member for

3 years 11 months
Ngày đổi mật khẩu
Fri, 03/22/2024 - 10:37
Submitted by nhathong on Tue, 11/18/2008 - 10:46
Vietnam’s garment industry plans to improve its production and distribution systems to expand its current market share of 30 percent.

Reasonable prices, better quality and an improved distribution system will be key to the effort, according to the Vietnam Textile Corp (Vinatex).

Seventy percent of the market is held by small local household businesses and garment importers.

Twenty percent of imported garments are from China. Demand for more expensive items is still not high, with Vietnam’s annual per capita income standing at US$833 in 2007, according to Le Tin Truong, deputy general director of Vinatex.

Truong said the local market needed brands of sound quality and design at reasonable prices.

Per capita income is expected to reach US$960 this year, but only when it climbs to US$2,000 annually can garment firms begin to sell more upscale products, according to Truong. Low-priced Chinese products and locally made products from household businesses are still most sought after.

VOVNews/VNS

Add new comment

Đăng ẩn
Tắt