Although there are many hurdles ahead, but according to forecasts of experts in the industry, textile exports may reach $ 35 billion, exceed $ 1 billion compared with the plan. However, experts noted that to achieve this goal, garment enterprises need to catch the big opportunities from FTAs.

In the first six months of this year, total textile and garment export turnover was estimated at $ 16.5 billion.

Strong growth

According to the latest information from the Vietnam Textile and Garment Association (Vitas), total garment export turnover is estimated at $ 16.5 billion, up 16.49% over the same period last year, higher than the growth rate of 10.43% in the same period of 2017. Truong Van Cam, Vice President of Vietnam Textile and Apparel Association (Vitas) said: Textile and garment export growth has been quite strong. Key markets such as the United States, the countries of the CPTPP, the EU, South Korea, China, ASEAN ... have grown strongly with the growth rate over the same period in 2017. 

According to Mr. Cam, in terms of commodity, in the first half of the year, there are 3 items of export turnover of over $ 1 billion that is T-shirts, pants and jackets. Items of high export value from USD 700 million up include: skirts, children's clothing, fabrics, shorts ... "Notably, the situation of orders of exporters is quite possible. concerned. Many garment enterprises have received orders until the end of the year "- Mr. Cam said.

Thus, it can be seen that textile and garment is one of the areas with relatively stable growth. In particular, Free Trade Agreements (FTAs) are also opening up opportunities for the domestic garment industry to accelerate. Specifically, the Comprehensive Partnership and Trans-Pacific Partnership (CPTPP) was signed on March 8, 2018, and is expected to come into effect in 2019, which is expected to boost exports significantly. in six countries in the CPTPP (in 2017, the textile and garment exports of Vietnam to the group of over $ 950 million). In addition, the promising Vietnam-EU (EVFTA) FTA this year will help Vietnam's textile and garment industry reach a wider market. Besides, 

According to the Vietnam Textile and Garment Group (Vinatex), based on the export of the US tax imposed by the United States, has identified 20 Vietnamese textiles and garments have the opportunity to increase exports to the US market, because The impact of the US-China trade war, if 200 billion dollars of goods are taxed right in this August. In the list of 20 items that Vietnam has the opportunity to increase exports to the US in the coming time, now there are five items of Vietnamese strength such as canvas fabric, tire fabrics of all kinds, woven fabrics from yarn synthetic long fiber, PE synthetic short fiber 

Approach 4.0 to break through

On the first half of the year, Vitas said that this is the highest figure in the first half of the last five years. According to Giang, this result is not natural to have. "It is thanks to the business community has adapted to the market shift. Structure of fast-moving textile export market, not dependent on a market. In addition, the business community has solutions to change the structure of goods, promote the export of high value added goods, to withstand the pressure required by the market. As a result, the value added in textile and garment exports is generally raised, "Giang said. In addition to these factors, the impact on textile exports in the first half of the year is a technological solution. "In Viet Nam, TEXTILE is currently one of the industries catching up with the fast industrial revolution 4.0. Many garment factories have been investing in modern technology equipment, investing in robots "- said Vu Duc Giang.

Despite the favorable growth steps, it is undeniable that the textile and garment industry faces many difficulties. According to the Ministry of Industry and Trade, this year, the textile and garment industry is forecasted to face some difficulties such as: rising input costs such as minimum wage, social insurance, electricity and water costs; The situation of raw materials and auxiliary materials fluctuates as cotton prices tend to increase slightly due to increased cotton demand in Pakistan, Bangladesh and Vietnam. 

As can be seen, the immediate barriers to the textile industry is not small. Mr. Tran Thanh Hai, Deputy Director General of Import-Export Department (Ministry of Industry and Trade) expressed his hope that textile and garment enterprises should be more active in catching up with opportunities. from FTAs ​​to boost exports. At the same time, we need to take initiative in responding to the unusual developments of the market, first of all the trend of protection. The typical factor that Mr. Hai noted enterprises must meet is the problem of rules of origin. "The government is trying to negotiate FTAs, but the benefits are from businesses. If businesses do not make full use of the FTA will become meaningless, "Hai said. 

By the end of 2017, Vitas plans to export $ 34 billion worth of textile exports in 2018. However, according to Vitas' forecast, the export turnover in the first half of the year is expected to reach US $ 18.5 billion, bringing the total export turnover to 35 USD billion, exceeding USD 1 billion compared with the plan.

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