(PLVN) - On December 25, Vietnam Textile and Garment Group (Vinatex) held a meeting to inform about production and business activities in 2024 and implementation in 2025.
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| Vietnam ranks second in the world in textile and garment exports. (Illustration photo - Vitas) |
(PLVN) - On December 25, Vietnam Textile and Garment Group (Vinatex) held a meeting to inform about production and business activities in 2024 and implementation in 2025.
Mr. Cao Huu Hieu, General Director of Vinatex, said that up to now, textile and garment enterprises have taken advantage of the market and have orders until the end of the first quarter, even the second quarter of 2025. Vietnam has achieved the best growth rate, at over 10% and it is expected that by the end of 2024, the total export turnover will reach nearly 44 billion USD.
With this result, Vietnam ranks second in the world in textile and garment exports, only behind India when this country achieved a growth of nearly 7%. China had a total export turnover of 273.4 billion USD in 11 months, an increase of only 2%; Bangladesh's export growth decreased and only exported 27.7 billion USD.
To achieve the above remarkable results, Mr. Cao Huu Hieu shared that in 2024, Vinatex focused on exploiting new markets and niche markets with special, high-tech products such as fire-resistant fabrics and clothing (in business cooperation with COATS Group, UK), researching and developing new types of Filament core yarns and blended yarns; thoroughly implementing the enterprise resource planning system on a digital platform (ERP). At the same time, implementing sustainable development activities in textile enterprises to meet the requirements of greening the textile industry.
Vinatex also innovated the way of managing and evaluating capital representatives at enterprises, thereby creating a network of connections between units in the Group through capital representatives to share market information and management experience. In particular, the Group persisted in the chain linkage strategy because all assessments showed that chain operations were more clearly effective. Market forecasting was carried out regularly and promptly; production management and systems were actively operated at each unit. In addition, the Group implemented many production management solutions for weak garment units; the organization and restructuring of a number of factories, the survey and evaluation of production systems and technological machinery and equipment carried out at units were initially effective...
Mr. Hieu said that in 2025, Vinatex will develop sustainably on all four pillars of environment - society - governance and finance (ESGF). Specifically, Vinatex will accelerate the pace of innovation in governance methods through digital transformation and apply the best corporate governance models available in the Group to all businesses. At the same time, apply automation technology and artificial intelligence to reduce dependence on labor, bringing the value of a worker in the textile and garment industry to keep up with the progress of the national economy; research and develop new products, niche markets, create unique values beyond conventional textile and garment production, and build technological and market barriers to protect the sustainability of the Group. In addition, gradually balance between highly competitive production areas and areas with great creative value...
Source: https://baophapluat.vn/viet-nam-dung-thu-hai-the-gioi-ve-xuat-khau-det-may-post536091.html
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