Vietnam Textile and Apparel Association informs about the 25th anniversary celebration and 2024 summary conference

On the morning of November 19, the Vietnam Textile and Apparel Association held a press conference to inform about the 25th anniversary of Vitas and the 2024 Summary Conference.

At the press conference, Mr. Vu Duc Giang - Chairman of the Vietnam Textile and Apparel Association (Vitas) informed that the 25th Anniversary of Vitas and the 2024 Year-end Review will be held on December 13-14, 2024 in Quang Nam. The Anniversary is an important milestone marking the maturity and achievements, contributions of Vitas to the development of the industry, as well as the development orientation for 2025 and the next period, the period of the explosion of artificial intelligence, the flat world, digital transformation and the requirement for greening, sustainable development of the Vietnamese textile and garment industry.

The event is expected to attract about 500 guests, especially with the participation of leaders of ministries, branches, localities, leaders of the textile and garment industry and Vitas through the periods, international organizations, foreign textile and garment associations, a number of domestic industry associations, member enterprises and press agencies.

Mr. Vu Duc Giang - Chairman of Vietnam Textile and Apparel Association informed at the press conference. Photo: Thu Hoai

At the 25th anniversary of Vitas, Mr. Vu Duc Giang said that businesses and ministries will review and evaluate the impressive development milestones of the Vietnamese textile and garment industry over the past 25 years. From a textile and garment industry that mainly served domestic consumption needs, with a very small export turnover compared to Thailand, Indonesia, the Philippines..., it has now risen to the position of the third largest exporting country in the world, after China and Bangladesh.

The domestic market has also increased from over 300 million USD to about 4.5 billion USD over the past 25 years. The trade surplus in 2024 reached 19 billion USD, an increase of 108.6 times compared to 175 million USD in 1999. With a workforce of over 3 million people, the textile and garment industry is the largest employer in the country's economic sectors, contributing significantly to job creation, ensuring income for workers, maintaining social order and safety, increasing budget revenue for the State and localities, and shifting economic structure.

Vitas plays a very important role in the industry's achievements. Over the past 25 years, the Association has played a good role in connecting domestic enterprises with each other and with foreign invested enterprises to form a supply chain; organizing many trade promotion delegations in major markets such as the United States, France, Germany, Russia, China, Japan, Korea, Australia, Taiwan (China) ... to expand export markets; participating and actively operating in many large international organizations specializing in textiles and garments such as ITMF, AFTEX, AFF ... connecting enterprises with many international textile and garment organizations and associations, taking advantage of experts, experience, and funding to open training courses on techniques, design, branding, updating technology, vocational skills, sustainable development ...

In particular, the association has played a good role as a bridge between textile and garment enterprises and the Government, ministries, branches and localities to reflect on difficulties in policies and administrative procedures, and at the same time participate in developing support policies and facilitating trade for enterprises, and participate in Government negotiation delegations on free trade agreements.

The Association is also actively implementing the Textile, Garment and Footwear Industry Development Strategy from now until 2030, the industry will gradually shift from rapid development to sustainable development. From 2031-2035, develop sustainably and effectively according to the circular economic model; complete the domestic value chain and participate in a high-value position in the global supply chain.

Regarding the industry's achievements in 2024, Mr. Vu Duc Giang assessed that despite the complicated and unpredictable developments in the world situation, escalating conflicts in many regions; strong fluctuations in gasoline and oil prices, transportation costs, slow economic and trade recovery, decline in total global investment, complicated developments in natural disasters, climate change, and energy security, the Vietnamese textile and garment industry still maintained a fairly good growth rate.

“ Export turnover is estimated to reach 44 billion USD as expected, up 11.26% compared to 2023, import turnover is estimated to reach 25 billion USD, up 14.79%; trade surplus is 19 billion USD, up 6.93% compared to 2023 ,” said Mr. Vu Duc Giang.

Regarding export markets, the United States remains the largest market with an estimated export turnover of 16.71 billion USD, up 12.33% compared to 2023 and accounting for 37.98% of the industry's total export turnover; Japan is estimated at 4.57 billion USD, up 6.18%, accounting for 10.39%; the EU is estimated at 4.3 billion USD, up 7.66%, accounting for 9.77%; South Korea is estimated at 3.93 billion USD, up 10.36%, accounting for 8.93%; China is estimated at 3.65 billion USD, up 1.76%, accounting for 8.3%; ASEAN is estimated at 2.9 billion USD, up 4.84%, accounting for 6.59%.

Vietnam Textile and Apparel Association was established in 1999. Over the past 25 years, Vitas has accompanied its members and businesses in the industry to strive to overcome many difficulties and challenges, making an important contribution to the strong development of Vietnam's textile and garment industry.

Source: https://congthuong.vn/hiep-hoi-det-may-viet-nam-thong-tin-ve-le-ky-niem-25-nam-thanh-lap-va-hoi-nghi-tong-ket-2024-359599.html