| Vietnam's textile and garment industry: Growth and challenges Vietnam's textile and garment industry accelerates "greening" |
According to information from the Organizing Committee, textiles and garments are one of the important economic sectors, contributing about 12% of the country's export turnover and playing the role of Vietnam's main export industry in recent years. However, most Vietnamese textile and garment enterprises are participating in the pure processing stage with the added value and productivity of the industry calculated by added value still very low compared to developed textile and garment countries such as China and India.
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| Vietnam Textile and Garment Industry Conference 2045: Where Green Growth Meets Productivity. Photo: Hai Linh |
There are many reasons for this situation, but one of the main factors leading to low added value is the limited application of technology and innovation in the textile and garment industry. At the same time, the increasing demand from export markets for green production and social responsibility also poses problems that need to be solved by the Vietnamese textile and garment industry today.
Speaking at the opening of the workshop, Mr. Hoang Xuan Hiep - Hanoi University of Textile and Garment also said that in the past three years, the textile and garment industry has had many opportunities but is also facing many challenges, especially the sharp decline in global textile and garment consumption demand. In that context, the Vietnamese textile and garment industry is having to compete with export rivals with many advantages, such as Bangladesh, Cambodia, Myanmar, etc. This forces domestic textile and garment enterprises to increase their competitiveness to maintain and expand market share.
“ To do that, we need to know how long Vietnam’s current competitive advantage can last and what factors help businesses increase their competitiveness sufficiently. Today’s workshop will help businesses have an initial answer to this question, ” said Mr. Hoang Xuan Hiep.
Source: https://congthuong.vn/hoi-thao-nganh-det-may-viet-nam-nam-nam-2045-noi-tang-truong-xanh-gap-nang-suat-354203.html
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