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General meeting 2018 – Position assertion – sustainable development

15/12/2018 02:05 PM
In 14th December 2018, Vietnam Textile and Apparel Assosiation (Vitas) hold VITAS General Meeting 2018 – Position assertion – sustainable development in Flamingo Dai Lai, Vinh Phuc Province to evaluate bussiness activities, situation of the world textile and garment industry in general and Vietnam in particular in the year of 2018, giving forecasts and plans for development of textile industry in 2019 and the outlook for 2020 – 2025.

Mr. Vu Duc Giang – Vitas’s Chairmanis giving opening speech

At the seminar, Mr. Vu Duc Giang – Vitas’s Chairman said that 2018 is a successful year of Vietnam textile and garment industry. Total export turnover is expected to reach over US $36 billion, exceeding US $1.5 billion against the target, up 16.01% YoY. Trade surplus of the industry reached about US $18 billion. Although Vietnam's economy is still facing many difficulties, thanks to the support of the Government, along with the efforts the enterprise community, Vietnam's economy has achieved many important results, including the great contribution of the textile-garment industry. Giang said that many enterprises had been working on completing a textile and garment supply chain.

Next year, the textile and garment industry has set a target of $40 billion in export value, a year on year increase of 10.8 per cent, and a trade surplus of $20 billion.

Dr.Pro. Tran Dinh Thien - Director of Vietnam Economics Instituteis gave presentation on “Protectionism and its impacts on the Vietnamese economy and Textile & Apparel industry”

Dr. Truong Van Cam –Vice Chairman cum General Secretary of VITAS

Mr. Le Tien Truong – CEO of VINATEX – Vice Chairman of VITAS with his presentation on “China – US Trade War –Identifying risks for Vietnam Textile & Apparel industry”

Mr. Cao Quoc Hung – Vice  Minister of Ministry of Industry and Trade

The general view of the meeting

Mr. James Phillip – Vice President of TAL Group presented  “Vietnam Textile & ApparelIndustry and stable development”

Mr. Nguyen Duy Minh –Secretary General of VLA presented on  “Solution to reduce logistics cost in the textile & garment industry”

Dr. Hoang Xuan Hiep –Rector of HICT with his presentation on “Human resource training

 in the 4.0 Industrial Revolution”

Mr. Vo Manh Hung – CCI presented  “What is new in Cotton?”

Thanks to the sponsors and award Vitas's order of merit


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