The textile and garment industry is promoting market expansion; being sensitive in model transformation; investing in machinery, equipment and products to improve internal strength and effectively exploit orders.
According to the Vietnam Textile and Apparel Association (VITAS), in 2024, textile and garment export turnover is estimated to reach 44 billion USD, up 11.26% compared to 2023; imports are estimated to reach 25 billion USD, up 14.79%; trade surplus is estimated to reach 19 billion USD, up 6.93% compared to 2023.
Domestic garment enterprises have contributed greatly to this result, demonstrated by the impressive growth of companies such as Song Hong Garment Joint Stock Company up 49%, TNG Investment and Trading Joint Stock Company up 46%, Thanh Cong Textile - Investment - Trading Joint Stock Company up 30%, Vietnam Textile and Garment Group (Vinatex) up 23%.
Mr. Cao Huu Hieu, General Director of Vinatex, informed that the textile and garment industry in general and Vinatex in particular experienced many ups and downs in 2024. In the first half of the year, the market, orders, and export prices remained at the low level of 2023. However, in the second half of 2024, the situation improved again, helping the industry "escape danger" and reach the target of 11% growth.
“In the first half of the year, there were times when the Group's leaders expected it would be difficult to complete the planned targets because the market was not optimistic. In the last 6 months of the year, there was a sudden reversal, but not because the market suddenly improved, but because of political instability in some rival markets such as Bangladesh, customers redirected their orders and Vietnam was given priority. Thanks to that, from July 2024, orders at the enterprise were more abundant,” Mr. Hieu shared.
The market's improvement in the second half of the year has helped to significantly improve Vinatex's business performance. As a result, Vinatex's consolidated revenue in 2024 is expected to reach VND18,100 billion, up 2.8%; consolidated profit is estimated at VND740 billion, up 37.5% compared to 2023.
Mr. Pham Quang Anh, Director of Dony Garment Company, commented that, in addition to objective signals from the market, the core factor helping businesses grow impressively is actively expanding the market.
“In 2024, Dony recorded a strong acceleration with impressive growth figures, up more than 70% compared to the same period in 2023. This figure exceeded our expectations, because by the end of 2023, the business set a growth target of only 15%,” said Mr. Quang Anh.
It can be said that, in the midst of many negative changes in the world situation, geopolitical instability, and the re-emergence of protectionist policies in many countries, achieving this export result is extremely impressive.
The increase in orders and growth from Dony's staff has continuously "sowed seeds" in many markets around the world in the period of 2022-2024. Specifically, more than 20% of growth in 2024 will come from traditional markets such as the US, the Middle East and domestically. The rest will come from newly explored markets such as Cambodia, Thailand, Malaysia, Singapore, Russia... At the same time, in mid-2024, Dony began promoting trade in the African market and received orders in the final period of the year.
Entering 2025, textile and garment exports are expected by many businesses and experts to continue to grow well, continuing the foundation of 2024. Not only market factors, but also the product supply capacity of Vietnamese businesses has been improved with the goal of providing orders at good prices, while still maintaining quality to maintain sustainable cooperative relationships. Most businesses in the industry have been sensitive and flexible in converting models and investing in machinery and equipment.
As one of the pioneers in applying AI to production in the garment industry, Viet Thang Jean has promoted technology investment, enhanced digital transformation, applied AI in software system management, prototyping...
Evaluating the application of AI in the production line, Mr. Pham Van Viet, Chairman of the Board of Directors of Viet Thang Jean, said that the application of AI in the production line reduces about 50% of data management work, reduces about 70% of operating costs, ensures products have the correct quantity and quality, and data information is 99% accurate.
Faced with new trends with strict standards related to "greening" in production, self-sufficiency in raw materials... Mr. Tran Van Quy, General Director of Trung Quy Textile Company Limited, said that the enterprise focuses on investing in green production, creating carbon credits and is ready to achieve the Net zero target this year.
Accordingly, the enterprise has invested more than 270 billion VND in a 10,000 m2 factory in Duc Hoa district (Long An) to quickly move towards a green production process. In particular, in the dyeing and weaving stages, the enterprise can save 60-70% of water compared to old technology, not only helping to close the production process, but also promptly supplying quality fabrics, international standards for domestic garment enterprises, with a capacity of 2 million meters of fabric/year. In 2025, Trung Quy will continue to expand its export markets in the EU, US, Japan, Australia, etc.
Source: https://baodautu.vn/viet-nam-tiep-tuc-la-diem-sang-tren-ban-do-det-may-d239639.html
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