Vietnam's garment industry would find it difficult to meet an export turnover of 8 to 10 billion US dollars by 2010, as capital investment in the sector had come down over the past few years, according to the statistics from Vietnam Textile and Garment Corporation (Vinatex) Friday.

The capital shortage originally stemmed from difficulties in availing loans from commercial banks, according to the country's leading state-run corporation.

During the past five year, the sector received a total investment of 525 million dollars, 30 percent lower than the expectations, resulting in output falling by nearly 30 percent behind the set target, according to the Trade Ministry.

Vietnam exported nearly 4 billion dollars worth of textiles and garments in the first 10 months of this year, posting a year-on- year rise of 7.2 percent. The product exports are estimated to reach 5 billion dollars this year, 200 million dollars lower than its yearly target, said the ministry.

Source: Xinhua