Vietnam Intends To Become The Five Largest Producer Of Textiles In 2020.

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< p > according to a recent study, Viet Nam ranked as the world's largest producer and exporter of "a" href= "http://www.91se91.com/" target= "_blank", "textile /a" and "clothing" in 2020, while promoting social progress and environmental well-being.

In terms of export value, the target set for 2020 is $200-220 billion for exports of textiles and garments, to achieve this goal, and to concentrate on the strategy of specialization and modernization and increase the added value.

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< p > the increase in the value added has already begun. The total value of textiles and garments exported by Vietnam has increased substantially from 2005-2011 to 30.2%, and the ratio has increased from 30.2% to 47.8%.

During this period, export value was more than three times higher than US $4 billion 800 million to US $15 billion 800 million.

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The export momentum of P was still in 2012. From January to September last year, the export value of Vietnamese textiles and < a href= "http://www.91se91.com/news/index_f.asp" > garments > /a > grew by 7.4% over the same period last year, amounting to $11 billion 140 million.

Accordingly, considering the severe economic situation of the two main markets of the European Union and the United States, the export target of textiles and clothing in 2015 can only be set at about $140-160 billion, roughly the same as the current level.

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As far as P is concerned, Vietnam has prepared very ambitious plans to strengthen exports and consolidate the status of the textile and garment industry as the most important industry in the country.

To achieve these plans, the Vietnamese government has set up a series of incentives to attract and encourage foreign investment (FDI), which is most likely to promote the future development of the country.

In addition, Vietnam has signed FTA with many countries and regions.

In particular, through the membership of the ASEAN Member States, the country has benefited from the ASEAN plus one (Asean China Free Trade Area (ACFTA)) as the largest FTA in the world with the total number of signatory countries.

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< p >, moreover, < a href= "http://www.91se91.com/news/index_p.asp" > Vietnam < /a > also benefited from its association members from FTA from Australia, New Zealand, India, Japan and South Korea.

At the same time, it also signed bilateral FTA with Israel and Japan.

At present, Vietnam has launched a large-scale FTA negotiations with the European Union.

Most importantly, the country has taken part in the negotiations aimed at establishing a p Pacific Partnership Agreement (TPP) for the Asia Pacific region as a free trade area.

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