Export turnover of textile and garment in the first quarter of 2018 reached nearly $ 8 billion. Photo: National Vietnam / VNA

 This is a good start for textile and garment Vietnam to achieve the goal of $ 35 billion export turnover this year, the textile export forecast will continue to be positive.

According to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association, over the past time, despite the tendency of moving textile export orders to some neighboring markets, the production costs are more competitive. However, this is not worrisome as Vietnam garment enterprises are still quite competitive, not worried about losing orders to other markets.

One of the reasons for highly competitive textiles is the increasing skill of workers in the industry. Improved productivity, better quality and more importantly the prestige of the business with good partners. As a result, most of the importers give Vietnam large orders, only transfer some small orders to countries like Myanmar, Cambodia.

Mr. Giang also said that the good news is that companies in the industry are gradually investing in new technology, automatic equipment, improve productivity. After that, use the reinvested profits for new technology to catch up the trend and further improve the competitiveness of textiles.

In addition, free trade agreements not only help the textile and garment industry diversify its export markets but also shorten supply of raw materials. Vietnam has exported over USD 3 billion of yarn, nearly USD 1 billion of cloth and USD 400 million of garment accessories each year.

In particular, the wave of industrial revolution 4.0 has changed the thinking of technology investment of enterprises, the direction of production to the high-value product segments such as ODM (self-design, self-control of materials, production transport, OBM (self-design and sale of products by private label).

Accordingly, enterprises have paid more attention to human resources quality and technology, equipment to design on the 3D software, to sell samples instead of the production model of the importer as before. Choosing the direction of deep exploitation of high value products segment also helps Vietnam textile continue to make difference in the world textile export market and take advantage of high quality human resources.

In parallel with the investment in applying new technology in production to develop products in the high value segment, some large enterprises such as Phong Phu Corporation, Sewing Corporation 10 are approaching the trend Export goods through online channels.

Mr. Pham Xuan Hong, Chairman of the Textile Knitting Group. Ho Chi Minh said that this year will be the textile and garment industry with many prospects now many enterprises in the industry have certain orders for the second quarter 2018. Forecasting textile exports this year will be better than in 2017, the growth of the sector may still remain in double digits.

Nguyen Xuan Duong, Chairman of Hung Yen Garment Corporation, said that although the prices continue to decrease, the number of orders will increase sharply this year, especially with large enterprises, the ability meet the delivery time well. Most of the textile and garment export enterprises in the country have orders until the end of the second quarter, even some enterprises have orders to the third quarter.

However, the Vietnam Textile and Garment Association has warned that garment enterprises will face many challenges; In particular, the biggest challenge is the increasing competition from regional countries such as China, Myanmar and Cambodia.

In fact, these countries are not only the breakthrough in export market share, but in the domestic market, policies on insurance, land, tax ... are low. Meanwhile, in Vietnam these costs are higher than other countries.

Therefore, despite the turnover, revenue of the textile and garment industry has grown, the profit will not be high. In addition, the export market of the textile and garment industry is not really convenient, the trend of fast fashion makes the demand for delivery time is short, from 30 to 45 days to 15 days also create pressure. big for the manufacturer.

The Vietnam Textile and Garment Association is proposing enterprises to fully exploit and promote the skills of workers as well as renovate the management method which can optimize production and increase labor productivity.

In addition to maintaining and developing export markets such as the United States, the EU, Japan and Korea, businesses should focus on developing other markets such as ASEAN, Eurasia, India, Latin American countries; In particular, it should establish links with the distribution system in the local market.

Source bnews.vn