Connect with us

What are you looking for?


PM urges garment, footwear sectors to promote supply chain links

Vietnam's textile and garment industry is forecast to earn about $33.5-34 billion from exports this year. - Photo

Prime Minister Nguyễn Xuân Phúc requested garment-textile and footwear sectors promote the building of Vietnamese brands and supply chain linkages during a working session with the sectors’ representatives in Hà Nội on Monday.

He urged the sectors to develop supporting industries and make reforms to improve corporate governance.

They need to promote digital transformation in the management and operation of textile enterprises, helping them make effective use of free trade agreements, including the freshly signed Regional Comprehensive Economic Partnership (RCEP) agreement.

The PM also noted the need for green growth in the development of the textile and garment industry, application of a circular economy, and continued automation to raise labour value.

The enterprises also need to pay more attention to the domestic market, especially uniforms for workers, pupils and students, he said.

At the working session, Phúc said that the textile-garment and footwear industries employ a huge number of workers, up to 4.3 million. Their exports account for a large proportion of total national export turnover. In 2019, these two industries exported products worth US$62 billion, equivalent to 24 per cent of the country’s total.

According to associations and businesses, this year, the sectors’ export value is estimated to decrease but the reduction is not high because Việt Nam has control of COVID-19, creating confidence for importers to have more orders for enterprises in Việt Nam.

In addition, free trade agreements between Việt Nam and foreign partners bring advantages of tax cuts to zero for the sectors to boost their development.

According to the Việt Nam National Textile and Garment Group, Việt Nam’s textile and garment industry is forecast to earn about $33.5-34 billion from exports this year.

In first nine months of this year, the national textile and garment export value reached $25.6 billion, down by 12 per cent year-on-year.



Animal feed producers are demanding removal of a regulation on conformity declaration for animal feed and supplements only weeks after it came into effect,...


We take a look at the latest market trends in AI, Automation, connectivity and wearable devices. Edge AI Software Driven by the number of...


The total volume of cargo handled at Vietnamese seaports is estimated to reach more than 425 million tonnes in the first seven months of...


The US’s Vector Fabrication Inc has been scouting locations in central Vietnam for a Micro-Electro-Mechanical Systems (MEMS) factory with an estimated investment of 60...

Scroll Up