At a conference on March 16, the official stated that such a goal requires garment producers to make great efforts to invest in modern equipment and apply advances in science and technology to address the sector’s weaknesses.

Vitas Vice Chairman Truong Van Cam speaks at the event.

He noted that in addition to proactively sourcing raw materials and establishing concentrated garment manufacturing zones, it is necessary to employ digital technology to create and modify designs in a timely manner.

With such measures, Vietnam will be able to enhance the value of its products along with their competitiveness in international markets, said Truong Van Cam.

He added that the garment sector has emerged as one of Vietnam’s key exports, from only 1.96 billion USD in 2021 to an impressive figure of more than 44 billion USD in 2022, a 22.6-fold increase over two decades.

According to the Vitas official, over 85% of Vietnam’s manufacturing capacity is for exports, and therefor faces stronger competition from countries such as China, Bangladesh, and India.

However, Vietnam still has considerable opportunities from new-generation free trade agreements such as the CPTTP and the EVFTA.

Cam said this is a big opportunity if Vietnamese garment makers can take the initiative in sourcing materials and step up research and design efforts so as to capitalise on the benefits of such trade deals.

Vietnamese textile-garment sector logs record number of export markets

Vietnam's textile and garment products have been exported to 104 countries and territories this year – a record number, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

Blood and hair donation festival at Ha Phong Export Garment Export JSC

BAC GIANG - The Steering Committee for Voluntary Blood Donation (Steering Board) of Hiep Hoa District (Bac Giang province) and the Trade Union of Ha Phong Export Garment Joint Stock Company (Ha Phong JSC) recently coordinated with Vietnam – German Hospital to organize a blood and hair donation festival for cancer patients.

Vietnam introduces garment and textile products in India

The Vietnam Trade Office in India arranged a pavilion to introduce Vietnam's textile and garment products at Intex South Asia, an international textile sourcing show opened in New Delhi on December 7.

Worst is over for garment, footwear exports, growth next year

Garment and footwear exports have slumped from the beginning of this year but the drops slowed in recent months, signaling a slight recovery in the industries, experts said.

Textile and garment enterprises adapt to market fluctuations

The total export turnover of the textile and garment industry exceeded 26 billion USD in the first eight months of this year, down 16.4% over the same period in 2022 and only reaching 65.5% of the year’s plan. The textile and garment industry faces many difficulties due to declining consumer demand, increasing competition, and falling orders.

Source: NDO