Export remains major driving force of apparel industry
At Hoa Xa fiber factory of Nam Dinh Garment JSC, one of the biggest fiber producers nationwide. (Photo: VNA)
The development strategy of the textile and garment industry until 2030 with a vision to 2035 has clearly identified that exports will continue to be a major and crucial driving force for the sector's growth.
In addition, the industry development must be closely linked to the protection of ecological environment, fulfillment of obligations and social responsibilities in line with sustainable development goals and international commitments.
Alongside digital transformation, countries are transitioning to green and circular economies. The textile and garment industry is seen as a central player in this transition trend.
Truong Thi Ai Nhi, an expert from the Institute for Circular Economy Development (ICED), said even though Vietnam is one of the world's leading textile and garment exporters, its textile and garment industry is still in a vulnerable position. This is because Vietnam primarily focuses on processing and lacks control over supply sources and product distribution. Its rate of locally-made items is only around 30-35%.
The Vietnam Textile and Apparel Association (VITAS) forecast that production and export will gradually improve, but challenges will persist throughout this year due to the lack of orders for the third and fourth quarters.
Producing apparel for export (Photo: VNA)
In order to achieve the export target of 39-40 billion USD this year and effectively carry out the Vietnam textile and apparel development strategy until 2030 with a vision to 2035, VITAS urged firms to seek measures to retain the workforce, especially the core ones; hold training courses to serve green transition and digital transformation.
It suggested retaining customers by accepting orders with no profit, building reliable and long-term partnerships, exploring new markets, and paying attention to the domestic market.
Minimising unnecessary costs is also necessary, it said./.
Related News
Latest News
An Giang Province to turn textile-garment, footwear into key export items
14:48 | 09/05/2024 Import-Export
“Hopeful stars" for businesses on the new journey
09:51 | 09/05/2024 Import-Export
Vietnam remains attractive destinations for Japanese IT firms
15:42 | 08/05/2024 Import-Export
Pepper exports decrease in volume, increase in value
15:38 | 08/05/2024 Import-Export
More News
Open credit flow to support import and export
09:30 | 08/05/2024 Import-Export
Import turnover increases by US$13.5 billion
09:30 | 08/05/2024 Import-Export
Green production, trade will help wood industry increase export: Viforest
14:30 | 07/05/2024 Import-Export
Hanoi attracts over 1.1 billion USD in FDI in four months
14:28 | 07/05/2024 Import-Export
FDI flows strongly into manufacturing, real estate
14:26 | 07/05/2024 Import-Export
Maintaining recovery momentum amid uncertainties
09:09 | 07/05/2024 Import-Export
Make use of the most of favorable factors for economic growth
15:38 | 06/05/2024 Import-Export
Textile and garment businesses face difficulties due to lack of domestic supply
15:36 | 06/05/2024 Import-Export
Vietnam leads in export rice prices globally
15:34 | 06/05/2024 Import-Export
Your care
An Giang Province to turn textile-garment, footwear into key export items
14:48 | 09/05/2024 Import-Export
“Hopeful stars" for businesses on the new journey
09:51 | 09/05/2024 Import-Export
Vietnam remains attractive destinations for Japanese IT firms
15:42 | 08/05/2024 Import-Export
Pepper exports decrease in volume, increase in value
15:38 | 08/05/2024 Import-Export
Open credit flow to support import and export
09:30 | 08/05/2024 Import-Export