Vietnam to textile and garment industry to adapt to the international requirements

Vietnam’s department of trade and industry has proposed “2020 Vietnam textile and garment industry development planning and outlook 2030 planning”, the draft rezoning of textile and garment industry to adapt to the international requirements, the effective utilization of global textile garment industry adjust the funds transferred out of layout, construction implementation will textile garment industry “has become a target for important export industry in Vietnam.

Textile clothing industry occupies an important position in the economy. At present, the Vietnamese national total of 5982 textile and garment enterprises, output value accounted for 8% of gross domestic product (GDP), to provide jobs for 2 million workers, is an important export industry. In 2012, the Vietnam textile and garment exports about $17.2 billion, accounts for the 15% of the total amount of merchandise exports. Vietnam textile and apparel export growth is expected to achieve more than 10% in 2013, more than 19 billion dollars.
In recent years, the development of the industry to solve the problem of society and people’s livelihood, the adjustment of economic structure and labor, etc. However, some deficiencies still exist, such as: auxiliary industry is weak? Fabric and other components mainly rely on import? Many companies still use order processing method? Added value is not high. In addition, there are market information in a timely manner? The design level is not high. Facing the world textile and garment industry shift, Vietnam must be adjusted, in order to satisfy the demands of integration into the international.

Vietnam’s deputy minister of industry and trade hu’s gold hair pin recently said: “Vietnam is increasingly to the depth and breadth, into the international economy and the world 80 countries have signed bilateral and multilateral cooperation agreement. This is more for textile and garment industry innovation, meet the actual demand.”

Therefore, Vietnam’s department of trade and industry has been “2020 Vietnam textile and garment industry development planning and outlook 2030 planning” held the draft comment workshop, mainly focus on adjusting to 2015 and in 2020 to plan, make it accord with actual situation? Meet the requirements of integration into the international market.
According to plan, strive to Vietnam textile and garment industry to export in 2020 amounted to $31 billion to $32 billion, 60 billion to $2030 in 60 billion.