Page 14 - TEXtalks July-August 2021

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NPO to launch National

Productivity Movement Pakistan

for achieving competitiveness

The National Productivity Organization (NPO) has activities to be launched during awareness
decided to launch the ‘National Productivity campaigns.
Movement’ (NPM) for a cross-sector awareness drive
nationwide. Realizing sustainable productivity as an At present, various sectors of the national economy
essential factor for achieving competitiveness and are suffering from a lack of competitiveness and
target GDP growth, the Ministry has emphasized inefficiency due to productivity issues, where “We
launching a comprehensive productivity movement as need to improve in inputs.” NPO chief Muhammad
successfully done in the other developed countries like Alamgir Chaudhry made the remarks. He said that
Singapore, South Korea, Japan, and Malaysia. due to productivity issues, Pakistan had lost
competitiveness in the global market. Now, the
The nations that have worked in the recent past have government is working on a medium- and long-term
improved their productivity standards in different plan to improve it. Through this drive at the national
sectors. Through the awareness campaign, NPO level, the NPO would also spread productivity
would engage national and international productivity promotional material, booklets, documentaries,
AD
experts, who might help design and develop productivity news, and journals.

Vietnam made 15.2 billion

USD in exports in first five

months of 2021

Hanoi: According to the data published by the increment is due to a number of factors such as the
Vietnam Textile and Apparel Association (VITAS), an opportunities that the free trade agreements (FTAs)
inflation of 21.2 percent was recorded in the in the brought with itself, the positive attention that the
first five months of 2021 in the export revenue of the Vietnam market has been receiving from the buyers
garment and textile sector. fibre and yarn exports as well as the local businesses.
during January-May soared by 60.1 percent One of the constant import markets for Vietnam’s
year-on-year to 2.1 billion USD, while that of fabrics garment and textile products is the United States.
also increased 26.4 percent to 947 million USD. The value from the imports is around 6.02 billion
USD, Japan was the second largest customer with
A 33.4 percent of raise was observed in the year 1.31 billion USD (down 6.3 percent), followed by the
2020. However, in that period, Vietnam spent a European Union with 1.21 billion USD (up 14.7
budget of 10.2 billion USD to import goods for the percent) and the Republic of Korea at 1.07 billion
garment and textile industry. This credit for the USD (up 4.2 percent).

July/August 2021