Thanks to efforts to diversify export markets and the effectiveness of trade promotion activities, there is a great opportunity for the textile and garment industry to participate in the global production chain.
Developing the textile industry associated with protecting the ecological environment
According to the Ministry of Industry and Trade, in recent years, the Vietnamese textile and garment industry has developed strongly and is increasingly playing an important role in economic growth. Among all current industrial export products, textile and garment is the industry with high export turnover and growth rate - one of the key export industries, playing an important role in economic growth, accounting for 12 - 16% of the country's total export turnover.
After more than 17 years of joining the World Trade Organization (WTO), Vietnam's export turnover has increased nearly 8 times compared to the time Vietnam officially joined the WTO (from 48 billion USD in 2007, to a peak of 371.85 billion USD in 2022). In addition, the textile and garment industry currently employs more than 2 million industrial workers, accounting for over 10% of the country's industrial labor force. Thus, the textile and garment industry plays an important role, not only bringing in the country's third largest export turnover but also contributing to stabilizing social security.
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| Total textile and garment export turnover is estimated to reach 44 billion USD in 2024, an increase of 11.26% compared to 2023. Photo: D.N |
In 2024, in the context of the world situation continuing to be complicated, the Vietnamese textile and garment industry will still maintain an impressive growth rate. Accordingly, the total export turnover is estimated to reach 44 billion USD, an increase of 11.26% compared to 2023; the import turnover is estimated to reach 25 billion USD, an increase of 14.79%; the trade balance will have a surplus of 19 billion USD, an increase of 6.93% compared to 2023.
The industry's main export markets all had impressive growth, with the United States leading the way, estimated at 16.71 billion USD, up 12.3% compared to 2023 and accounting for 37.98% of total export turnover. Exports to Japan are estimated at 4.57 billion USD, up 6.18%; the European Union (EU) is estimated at 4.3 billion USD, up 7.66%; South Korea is estimated at 3.93 billion USD, up 10.36%; China is estimated at 3.65 billion USD, up 1.76%...
In order to support the textile and garment industry in accessing technologies and trends taking place in the world, in line with the orientation and contributing to the implementation of specific goals for the textile and garment industry, the Ministry of Industry and Trade has advised and submitted to the Prime Minister to issue Decision No. 1643/QD-TTg dated December 29, 2022 on approving the Strategy for the development of the textile and garment and footwear industry to 2030.
In which, the viewpoint on textile and garment industry development was put forward: Export continues to be the main and important driving force for the development and growth of the textile and garment industry, diversifying export markets and maximizing the development of the domestic market; increasing the localization rate, increasing the added value of Vietnamese textile and garment fashion products. Along with that, developing the textile and garment industry is associated with protecting the ecological environment; fulfilling social obligations and responsibilities, ensuring compliance with sustainable development goals and international commitments. Developing the textile and garment industry is consistent with the strategy and orientation of Vietnam's industrial development; consistent with the development of related economic sectors, and at the same time associated with international integration and the Industrial Revolution 4.0.
To implement the goals and orientations of the Textile and Garment Industry Development Strategy, in 2025, the Ministry of Industry and Trade has been coordinating with textile and garment industry associations to develop a Sustainable Development Plan for the Textile and Garment - Footwear Industry. In which, there will be proposed policies to help textile and garment enterprises transform production to a green and sustainable model.
Enhancing Vietnam's position as a leading textile and garment production center
In the context of geopolitical and international trade fluctuations, high inventory levels, severe decline in demand for goods in general and textile products in particular, and high costs of raw materials, Vietnamese textile and garment enterprises are facing some difficulties in finding and maintaining markets and finding sources of raw material supply.
In order to boost export promotion for the textile and garment industry, a representative of the Trade Promotion Agency (Ministry of Industry and Trade) said that following the success of the Vietnam International Textile and Garment Industry and Textile Technology Exhibition - VIATT 2024, from February 26-28, at the Saigon Exhibition and Convention Center (SECC), District 7, Ho Chi Minh City, the Trade Promotion Agency will continue to coordinate with Messe Frankfurt Group (Germany) to organize the Vietnam International Textile and Garment Industry and Textile Technology Exhibition - VIATT 2025.
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| The Vietnam International Textile and Garment Industry and Textile Technology Exhibition - VIATT 2024 has attracted the participation of many domestic and international partners. Photo: TH |
VIATT 2025 attracts the participation of more than 400 exhibitors with over 500 booths on an area of 15,000 m². VIATT 2025 displays a wide range of products and solutions covering the entire textile and apparel sector, including fabrics and apparel accessories, yarns and fibers, clothing, home and processed textiles, industrial textiles, nonwovens and textile equipment, textile certification services and solutions, etc.
"The important trade promotion event helps enhance Vietnam's position as a leading textile and garment production center and brings opportunities to textile and garment enterprises from ASEAN countries, Europe and other regions," said a representative of the Trade Promotion Agency.
Also according to the Trade Promotion Agency, this year's exhibition focuses on future trends of the industry, with the introduction of the Econogy area (sustainable development area); the Creative and Digital Solutions area, emphasizing the industry's transformation towards sustainability and technological innovation.
This year, the exhibition attracted strong participation from international exhibitors, especially national/regional pavilions from India, Japan, Korea, Pakistan, Taiwan (China) and Thailand, along with the first appearance of the European Pavilion at the exhibition.
Some prominent exhibitors from Europe include: Bossa Ticaret Ve Sanayi Isletmeleri TAS (Türkiye), Chargeurs PCC Asia Limited (France), Hohmann GmbH & Co. Kg, Homeplus (Germany); Technical Absorbents Ltd (UK), Alumo AG (Switzerland)…
| The highlight of VIATT 2025 is the Vietnam National Brand pavilion. This is where businesses achieving the Vietnam National Brand will promote their products, seek partners and demonstrate their leading role in the textile and garment sector. With the participation of many businesses from Europe and Asia displaying diverse products in the textile and garment sector, VIATT 2025 is expected to continue to enhance its position as the leading destination for textile and garment buyers in the ASEAN region. |
Source: https://congthuong.vn/co-hoi-nganh-det-may-tham-gia-chuoi-san-xuat-toan-cau-373994.html
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