According to Vietnam’s “People’s Daily” report on August 21: On August 20, the Central Steering Committee of the “Vietnamese give priority to using Vietnamese goods” campaign investigated and summarized the implementation of the campaign at the Vietnam Textile Group.
After five years of implementation, Vietnam Textile Group’s total localized operating income has gradually increased, from 15.7 trillion dong (approximately US$740 million) in 2010 to 22.2 trillion dong (approximately US$1.04 billion) in 2014 , expected to grow by 6.3% year-on-year. The implementation of this campaign also marks the success of enterprises directly affiliated to Vietnam Textile Group and establishes its ability and status to compete with foreign goods in Vietnam. In the past five years, the localization ratio of Vietnam’s textile industry has grown rapidly, with an average annual growth rate of 20%. In order to speed up the implementation of this campaign, Vietnam Textile Group proposes to distribute Vietnamese textile products to all parts of Vietnam by connecting sales networks within the group and between other member units.
