vietnam textile industry statistics According to the Vietnam Textile and Apparel Association (Vitas), FDI in the textile and garment industry in 2018 reached USD 2,027 billion and in the first 10 months of 2019, it was USD 1,349 billion. 3 percent, according to the Vietnam General Statistics Office. 251) ranked number one. It has 4,000 enterprises with a turnover of 20 billion dollars a year, accounting for 15% of GDP and making Vietnam the fifth largest textile and garment exporters in the world. Excluding raw cotton and wool, two thirds of U. Get the latest trends and understand the impact of the crisis on the market. 5 billion in 2015, and it is expected to reach $31 billion by late 2016. If the textile industry is affected, Vietnam's export market will also be hit hard. Sep 02, 2020 · According to the Ministry of Industry and Trade of Vietnam, the export turnover of the textiles and apparel sector in the first 7 months of 2020 is estimated at 16. Jan 04, 2021 · The Vietnam Textile & Apparel Association (VITAS) expects Vietnam’s textile and clothing exports to enjoy an average 15% annual growth in the next four years and exceed $50 billion USD by 2020. Giang, while addressing a conference in Hanoi on 14 December 2018, was elated to announce that Vietnam’s garment and textile industry registered an astonishing export turnover of US $ 36 billion in 2018 – an impressive increase of 16 per cent compared to 2017. China is the largest textile production factory in the world with the complete supply chain and the advantages of cheap machinery as well as workers. In the meantime, VITAS has developed into a fully-fledged business association offering a wide range of benefits and services to our members in Vietnam. 6 million, Vietnam over 2. The targets were unveiled at the sixth congress of the Vietnam Textile and Apparel Association (VITAS) in Hanoi on December 12. The Vietnam Textile and Apparel Association ( VITAS ) has set a target of $40 billion in export turnover for the calendar year 2019, 10. In 2016, the largest apparel exporting nations were China ($161 billion), Bangladesh ($28 billion), Vietnam ($25 billion), India ($18 billion), Hong Kong ($16 billion), Turkey ($15 billion) and Indonesia ($7 billion). Regarding fabric, Nam Dinh Textile Garment is currently producing about 1. Mar 17, 2017 · Vietnam’s Top Textile Manufacturers. T&G is Vietnam’s largest industrial employer with more than 2. As a result, the total export turnover of the garment sector reached $24 billion in 2014 and $27. 79 References 1. 6 million USD. U. 7 billion metres of fabrics and is capable of providing direct employment for about 250,000 workers, that is besides those who are employed in the cottage sector of the industry, especially in garmenting, and used The International Textile Manufacturers Federation (ITMF) is an international forum for the world's textile industries, dedicated to keeping the world-wide membership constantly informed through surveys, studies and publications, participating in the evolution of the industry's value chain and through the organization of annual conferences as well as publishing considered opinions on future The Philippine Garments and Textile Industry Industry Brief Industry Structure Number of Establishments Presently, the Philippine garments industry is made up of exporters (around 39%) and subcontractors (61%) which include homeworkers and small contractors to garment exporters. Mar 16, 2009 · As of 2008, apparel and textiles comprised Vietnam’s largest industry, with more than two million workers employed by more than 2,000 textile and apparel enterprises, around half of which are state-owned, 25 percent foreign-invested and the remainder privately owned. Overview of Vietnam's textile and apparel industry 11 2. 92 billion on clothing imports. Global business knowledge portal connecting international business professionals to a wealth of information, insights, and learning resources on global business activities. It is the world’s third-largest manufacturing sector after the automobile and technology industries. However, the financial crisis has had a severe impact on Vietnam's textile industry, which has suffered from a slump in demand from key export markets in the US , Europe and Japan. July 7, 2019. According to the Vietnam National Textile and Garment Group (VINATEX) in 2014 Vietnam’s textile and garment exports increased 18% year over year to total approximately US $20 billion, accounting for 15% of the country’s gross domestic product and 18% of its total exports. 48 crore,16. 3 million jobs, with 80 percent held by women. Specialization is measured using RCA, an index that takes the ratio between Vietnam observed and expected exports in each product. 18 billion USD, equivalent to a decrease of 12. There are 1. 8 percent higher than in the same time frame last year compared with 11. 6 billion because of the pandemic, the Ministry of Industry and Trade said in a recent report. 8 Economic Impact It is estimated anywhere between 20 million and 60 million people are employed in the textile industry worldwide. 1 day ago · Now there are about 6,000 textile and apparel manufacturing companies working with 2. Last year they were worth $4. Foreign companies are turning to STATISTICS Textiles and Clothing. is availabl Vietnam was the second-largest supplier of textiles and apparel to the United States in 2018, when it accounted for 10 percent of total U. As part of IWTO's mission the Market Intelligence Committee produces the annual Market Information, a compilation of statistics on global wool production and the textile industry. Vietnam’s textile and apparel industry is one of the most important contributors to its economy, and its export value is continuously growing: in 2015, textile exports to the US grew by more than 11% to USD 10. 5 per cent to $1. 5% of textile and apparel products will be free from tariffs immediately when the deal comes into effect. Even though recent market decreases have occurred, from 2008-2011, steady increases allowed the industry to see growth levels of 6% or higher each year. The garment and textile industry employs approximately 75 million people worldwide—that’s 1% of the world’s total population, with women forming 75% of the global workforce. The country’s textile value chain has strong growth fundamentals, with production poised to grow by about 13 per cent annually until 2020. 1 billion in 2019. In 2016, Vietnam has been recognized as the third top garment exporters in the world where the top two apparel exporters were China and Bangladesh. Circular 37, a regulation of Vietnam’s Ministry of Industry and Trade (MOIT), mandated specialized inspections and tests for formaldehyde and aromatic The industry produces yarns and threads out of natural (wool and cotton) and synthetic (plastics) materials. Aug 22, 2019 · Since our establishment 20 years ago, both VITAS and Vietnam textile and garment industry have come a long way. -Time: The literature review covers the development of textile-garment industry since the beginning of Doi moi (Economic Reform) in late 1980s. 5 billion in 2015 29. industry is the second largest exporter of textile-related products in the world. 5%), Japan (10. Nguyen Van Tuan, Chairman of the Vietnam Cotton and Spinning Association (VCOSA), said during the 2016 Vietnam Textile Summit in HCM City, that the textile industry is "knotted" in the middle, i. Distinguished Exhibitors and Visitors, Although the domestic (Vietnam) epidemic situation has been stabilized, the government has not left the ban on gatherings yet. Prepared by Poimena Analysis and Delta Consultants, the Market Information provides data and analysis on all stages of the wool textile Table 2: Summary Statistics for the Textile Industry (SIC 22) Industry SIC Code SIC 221 SIC 222 SIC 223 SIC 224 SIC 225 SIC 226 SIC 227 SIC 22S SIC 229 Totals Establishments (No. However, the textile industry is also seen as a most polluting and unsustainable The import value of fabric and sub-material for the textile and garment industry accounts for 40 per cent of garment export revenue. According to the Vietnamese General Statistics Office, the country shipped apparel and textiles worth US$ 7. Until now, textile industry is one of the biggest industries of Vietnam, the skill of Vietnam garment workers are increasingly higher in order to produce quality 2 days ago · New Delhi: India is likely to develop seven mega textile parks, on the lines of China and Vietnam, as part of a plan to double the industry size to $300 billion by 2025-26. 3 percent) in 2018 to reach $12. , Ltd. 39 VND Thousand/Month from 2007 until 2020, reaching an all time high of 7199 VND Thousand/Month in the first quarter of 2020 and a record low of 1399 VND Thousand/Month in the fourth quarter of 2007. The U. In Tanzania the sector takes its roots in the cotton ginning industry in the early 1950s when ginneries were introduced in the rural areas where cotton was grown especially in Mwanza and Shinyanga (Ladha, 2000). The trade growth is 9. 8 billion in 2019. 5 million people. Global textile and apparel value chain 4 3. 3 Silk 13 3. The textile and garment industry is of great importance to the Lao economy. Dec 10, 2019 · Vietnam textile industry orders hit by African competition · December 10, 2019 · Normally, by the end of a year they would have enough orders for the whole of the following year, Nguyen Van Thoi, chairman of TNG Investment and Trading JSC, which makes garments, said. 100% new: Vietnam: 20,000: kg: 4,414. highly productive in terms of making yarn and final products, but stunted in the production of fabric and other materials. Contribute 20% of GPD 2nd largest garment exporting countries Growing 20% of exporting garment To the U. Get up to speed on any industry with comprehensive intelligence that is easy to read. 26 ***** 34 More Columns Available along with Company Name and Other Details etc. The major factors driving the growth of the market are growing textile exports to EU, the United States, Japan, and South Korea and low labor costs in the industry. com www. As one of the major contributors to Vietnam’s economic development, the textile industry maintains good growth with increasing orders and high exports in 2018. lawyer-vietnam. Aug 17, 2020 · Textile and Apparel Technology Innovation: China’s Top 10 technology-driven role models Making 3D face mask with Barudan embroidery m/c Infographic: Energy and Water Consumption and Pollutions Profile of the Textile and Clothing Industry Solar Energy for Evaporative Treatment of Liquid Effluents -Anil Misra Presentation Jan 08, 2020 · At the same time, the proposed budget for the textile sector (which employed 51 million people directly and 68 million people indirectly according to a 2015-2016 Assocham report) for fiscal year 2019-20 is 5831. 0 Overview of the Textile and Apparels Industry in Vietnam 12-23 3. In 2003, garment exports, valued at US$115 million, accounted for approximately a third of total exports, second to electricity. , Other Asia, nes, United States and Japan. The small nation to the south of China is rising in the manufacturing industry and quickly becoming one of the largest exporters of garments and textiles in the world. The worldwide market for textiles and apparel exports in 2013 according to United Nations Commodity Trade Statistics Database stood at $772 billion. net. 8). Even though nearly 80 per cent of the silk threads that weavers use across the country come from China, Banaras-based textile designer Hemang Agrawal feels there is a good homegrown industry in India that produces silk even as supplies are now coming in from other South Asian countries like Vietnam. Tradeasia International Pte Ltd 2. 42 trillion Vietnamese dong. Sep 17, 2020 · Vietnam is now the world's third biggest garment manufacturing nation, while the tiny Bangladesh's garment exports rose from $26 billion to more than $33 billion in the last five years, while India's has remained stagnant at around $40 billion. 5), Textile Footwear (17), Non-Retail Mixed Cotton Yarn (13. On the contrary, the textile industry in Vietnam May 07, 2015 · Vietnam is 5th largest textile exporter in the world, now Vietnam’s textile and garment industry is aiming at total exports of $28. The country has an equal share of production utilized internally and equal amount of produce shipped abroad. The policy covers the In the past five years, the textile industry has continuously grown at an average rate of 17 percent annually. Child workers are also found in the sporting goods sector too, performing manual tasks such as stitching soccer balls. Crucially, China is a jack-of-all-trades. Landfills received 11. 3%) and South Korea (8. 16 billion, accounting for 15 percent of Vietnam’s total textile exports, according to the General Statistics Office. -Space: The field research is conducted in the North of Vietnam where a center of textile and garment locates; Hanoi, Haiduong Province and Namdinh Province are chosen as specific research spots. Currently, 30 percent of Indonesia’s total production is to meet domestic demand with the remainder for exports to mainly the US (36 percent), Middle East (23 percent), EU (13 percent), and China (5 percent). Noticeably, garment and textile raw materials, including yarn, fabric, and auxiliary materials, are mainly imported from China. The research applied both desk review and in-depth interviews with 54 leaders and high-ranked officials from public and private sectors in 2017 to identify potential Jan 07, 2021 · In 2016, the People’s Republic of China which exported most of the garment in the world managed to create a total of more than 4. — Photo vietnamplus. 82%, in terms of revenue, during the forecast period, 2018-2023. Sep 24, 2020 · At the same time, the textile and garment industry employs more than 1. 5 billion (a 120 per cent increase) during the same period. 9 billion. 3 per cent to $664 million for fabric products, 11. Vietnam’s textile and apparel industry is one of the most important contributors to its economy, and its export value is continuously growing: in 2015 The history of the textile industry in Tanzania and Vietnam is a bit different. This book is an ideal reference for textile technologists and Jun 09, 2019 · RMG and Textiles industry has consistently been the key driver of Bangladesh export for the last 4 years, covering over 80% of the total export. whole value chain of the textile industry, from upstream, midstream, to downstream. 4% increase over the year before. Business Vietnam has made it onto the list of the world’s five biggest textile exporters and producers, with textile and garment export turnover hitting 16 billion USD in the first half of 2018, up more than 14 percent year-on-year. e. Vietnam now has about 4,000 garment and textile companies, including 650 foreign-invested firms. vn HÀ NỘI — The garment and textile sector is targeting an export turnover of US$38-39 billion… Vietnam Textiles and Clothing Imports by country in US$ Thousand 2017 In 2017, the top partner countries from which Vietnam Imports Textiles and Clothing include China, Korea, Rep. The Vietnamese textile sector and Italian textile machinery manufacturers expressed interest in developing a technology training centre which will create business opportunities amid Italy and Vietnam in the textile industry. The T&C industry still generated fabrics wholesaler. 8 193,3 50. 3 million tons of fiber and accounted for 52-54 percent of the world’s total production. VINATEX plays several different roles as manufacturer, exporter, importer as well as distributor for textile • The garment industry is the largest employer in Bangladesh after agriculture. This paper analyzes the competitiveness of garment and textile industry in Cambodia over the period of 2000 to 2014by employing quantitative method of revealed comparative and competitive These raw materials for textile and apparel are mainly imported from China, Taiwan and Korea. Currently, the garment industry supports more than 1 million employees, while the textile industry employs about 200,000 people, making these two industries the second most important employment sector in the country. In addition, the sector employs about 45% of the total labor force in the country (and 38% of the manuf Jun 28, 2019 · The EU is the second largest importer of Vietnamese textiles after the U. In 2019, Vietnam’s garment and textile industry earned US$39 billion from exports, a year-on-year increase of over 8. As one of Vietnam’s most economically important sectors, the textile and apparel industry contributes 15 per cent of its total export value, with 6,000 factories and over three million employees. May 25, 2017 · According to the statistics, Vietnam textile and garments industry earned $6. Fiber, textile, and apparel exports combined were $29. Dec 29, 2020 · 2018 was an exceptional year for Vietnam, surpassing Bangladesh and Turkey to enter the top 3 world exporters of textile and garment with $36. 78% year-on-year in the first two months of 2017, and investment in Vietnam’s textile and apparel industry now accounts for 21% of the country’s total FDI. Statistics for textile and apparel management deals with the fundamental principles of statistical methods and their applications in textile production. Despite mounting challenges from the Covid-19 pandemic, new free trade agreements, including the recently-signed RCEP, along with local firms’ own efforts in a new circumstance, are opening Vietnam had a total export of 215,118,607 in thousands of US$ and total imports of 213,215,299. 14 In 2013, many new textile and apparel plants began production in Vietnam, fueled largely by foreign investment stimulated by the negotiation of the Trans Employment-statistics-of-the-Nigerian-textile-industry-Source-fieldwork-1970-2015 The industry had an installed capacity of about 1. globalEDGE is a gateway to specialized international business research knowledge on countries, cross-border business transactions, and cross-cultural management. Figures from the Vietnam Textile and Apparel Association (VITAS) show that Vietnam’s garment and textile industry has a huge two-way trade relationship with China. 69% and the Most Favored Nation (MFN) Weighted Average tariff is 5. Textile industry generates and creates various sources of data. Overview of the global textile and apparel industry 2 2. Email: info@lawyer-vietnam. Vietnam’s promise. It has 54 distinct ethnic groups, many with their own language, lifestyle and long traditions that have been passed down through the generations. 46% of the value of imported textiles comes from products that were manufactured in China. In less than two decades, the country has rapidly risen the ranks to become one of the world’s top ten textile exporters. textile supply chain exports went to our Western Hemisphere free May 17, 2018 · Out of them 84% are privately owned. 8), and Telephones (11. With more than $30 billion in these exports annually, the sector contributes significantly to the country’s economy. 98 billion and increased 12. At this time of last year, Vietnamese textile firms were flooded with pre-orders even for the first half of the following year. South Korea is Vietnam's fourth largest importer of textiles and garments, accounting for more than 10 percent of the market's export turnover, according to the Ministry of Industry and Trade. 1 Cotton 13 3. But it is still very labour-intensive, and Vietnam is gradually losing its comparative advantage to other developing countries, such as Cambodia and Bangladesh. Stable consumption until the third quarter of 2021. 37 billion face masks in different variations, reports Phu Nu. 74 billion) by end 2019 — which would propel the nation into the ranks of the top three exporters of textiles and garments worldwide. 5 million workers, growth rate of 14% annually. . The project was launched this month and will be carried out from 2018 to 2020. 70 per cent of these are garment companies, 17 per cent are textile companies, 6 per cent are The textile industry is another success story. 2 Jan 2019. Apr 15, 2019 · The total value of the Mexico apparel industry in 2018 was approximately $22. )2 281 321 87 224 l&l\ 440 383 * 372 1,071 5,090 Employment (OOO's) 55. Jul 16, 2016 · Vietnam’s textile industry has a high production capacity: 4,424 enterprises (as of 31/12/2013) with 2. The apparel The Vietnam textile industry is expected to grow at a CAGR of 10. The EU partnership agreement with Egypt allows Egypt to export textile and apparel products to the EU countries, without custom tariffs (Free Trade). Textile Statistics Cotton forms an integrated part of the South African textile industry. 2% of enterprises reaching $100 million export revenue, 3. During a year when Vietnam’s textile industry was hurt by plummeted demand, local producers found a silver lining in face masks. 1% increase from the year FDI firms expand in Vietnam’s textile and garment industry. , representing a 1. However, Indonesia's textile industry is facing challenges: the upstream sector is inadequate (causing a reliance on imports of raw materials) and requires an injection of investment, technology and expertise, while competition from other textile producing nations in Southeast Asia is rising. In 2016, Apr 02, 2009 · Vietnam’s Textile Industry Maintains Strong Fundamentals For Growth By Drew Harris | April 2, 2009 Vietnam’s spinning and textile industries have seen phenomenal expansion during the last several years, as the country’s garment and apparel sectors have implemented a concerted growth plan with the goal of becoming a global top 10 textile Vietnam’s growth as an important supplier in recent years reflects the country’s low labor costs and its industry’s focus on specialization, modernization, and increasing value added. Thanks to the FDI influence, such businesses brought $2 billion into Vietnam to the garment sector in 2015. )1 323 422 99 258 2,096 ' : 481 447 59$ , 1,160 5,584 Companies (No. After more than forty years of trade with import quotas, the textiles and clothing sector eventually be-came subject to the general rules of the WTO from January 1, 2005. " Having developed textile operations in 1958 in Northern region and in 1970 in Southern region, Vietnam’s textile industry has come a long way, dominating global textile dynamics today. S and EU 28 contributing 47% and 14% of total Vietnam’s textile and garment export in 2017 respectively. The Chinese textile industry is therefore a key player in the national economy, the international markets, and the global economy as a whole. The textile industry is another success story. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. Essential Mexico Apparel Industry Statistics #1. imports of those goods. Vietnam’s textile and garment industry is predicted to earn about 33. 26 Dec 2018. 27 billion for garment products, 0. Main modes of production 8 3. To compare: in 2000 only 20 million people were employed in the industry. related to Apparel, Manufacturing, Trade, Jul 24, 2018 · The future of Vietnam’s textile and apparel industry. By Phuong Tran | Jul 24, 2018. Vietnam's textile industry is an important part of the country's export market, accounting for about 10% of the total export value in 2019. 9 87. , 2003). Unparalled growth, over the last few years, has made Vietnam one of the top five (largest) textile exporters in the world. Undereducated, unemployed women can be vulnerable to such an industry. Textile Industry Case Study Battle for the textile and apparel industry in Southeast Asia • The reasons for China’s decreasing presence in the industry • Initiatives by the governments in Southeast Asia to boost the textile trade • Vietnam and Bangladesh’s quest to conquer apparel industry and surpass India Textile manufacturing is characterised as a high labour intensive industry Sep 07, 2020 · Shipments of textile and garment, Vietnam’s third largest export earner, fell 11. In 2020, Việt Nam is the only country in the top 5 textile exporting countries in the world that have not been isolated and stopped production. South African Apparel Industry 2020-2024; Japanese Apparel Industry 2020-2024; Russian Apparel Industry 2020-2024; Mexican Apparel Industry 2020-2024; French Apparel Industry 2020-2024 Sep 02, 2020 · Ho Chi Minh City, Vietnam , Sept. Jul 22, 2019 · Vietnam's garment and textile exports have risen 8. Pakistan is the 8th largest exporter of textile commodities in Asia. Instep. The large population of Vietnam and important foreign investments have also made it an important production center for the textile industry, as well as for electronics. 7 16. Because other industries also import Vietnam’s apparel and textile industry has overpowered the country’s crude oil market, which was earlier at the top position in terms of export, as per the news published by Apparelnews. Vietnam's garment and textile export turnover to the EU (including the UK), 2018 - 2019 Source: VIRAC, GDVC The role of EVFTA The export of Vietnamese textiles to the EU market in recent years has made strong strides, but is still not commensurate with the development of Vietnam's textile industry and this potential market. Jul 03, 2015 · The Vietnam’s textile started developing in 1958 in Northern and in 1970 in Southern. As the only textile & garment industry expo approved by UFI, this expo held concurrently with the Vietnam Fabric & Garment Accessories Expo. Aug 30, 2017 · Context: India needs to have new textile policy Key facts related to Indian textile industry: India’s textile sector covers everything from fibre to garments is the second-largest employment generation sector after agriculture, employing an estimated 32 million workers. Pham Xuan Hong, the chairman of the association, said: “Vietnam is facing big competition from some countries, including Bangladesh, which offer lower Aug 14, 2019 · Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Dr Mohammed Umar has reiterated government’s commitment to reviving the produ Vietnam is the second largest garment exporter to the US and Japan. Textile industry not only provides livelihoods to millions of households, but is a storehouse of traditional skills The textile and apparel industry is an important one to Egypt, contributing 30% of industrial production and 10% of total exports. 1. In 2018, the scale of global textile and apparel industry turnover is estimated at about 1,438. 16, D3, Van Thanh Bac Street Ward 27, Binhthanh Thanh Pho Ho Chi Minh . World textile and apparel industry 2 1. Jan 08, 2021 · 'China + Vietnam + many' is still the go-to strategy. 6 percent year-on-year in the first eight months to $19. The fashion industry is key for economic development: it is valued at some USD 2. 2 billion, and (p. This study explores how companies and technical vocational education and training (TVET) institutions in Vietnam can promote new ways of skill development for the future workforce in The textile product mills subsector consists of these industry groups: Textile Furnishings Mills: NAICS 3141; Other Textile Product Mills: NAICS 3149; Workforce Statistics. The value of U. Heavily reliant upon agriculture, Vietnam has grown to become a leader in the production and export of several commodities, especially rice, coffee, rubber and sea products. 08 billion. Vietnamese textile companies are in fact already heavily reliant on China, importing nearly 50% of yarns, fabrics and other raw materials from the country. S and Japanese Market Exporting Turnover: $40 billion in 2020 3. Textile sector contributes 8. The policy covers the See full list on study. New Textile jobs added daily. 49% compared to the same period of last year. 3% of the industry's export turnover in 2019. Between the tribal traditions, natural beauty of the landscape, incredible food and hospitable hosts, Vietnam is a must visit country 2021/11/24(Wed)-11/27(Sat) Postponement of The 20 th Vietnam Int’l Textile & Garment Industry Exhibition. Vietnam has a high level of specialization in Coconuts, Brazil Nuts, and Cashews (21. The world textile industry is deeply affected by macroeconomic fluctuations. 01, 2020 (GLOBE NEWSWIRE) -- According to the Ministry of Industry and Trade of Vietnam, the export turnover of the textiles and apparel sector in the first 7 Nov 04, 2020 · Ho Chi Minh, Vietnam, Nov. This may be in fibre, yarn or fabric manufacture and across any of the allied processes such as dyeing, printing and finishing. 5 There are several countries that are particularly notorious for child labour in the textile and garment industry – including India, Uzbekistan, China, Jul 07, 2019 · ­The business of Pakistan’s fashion & textile industry. 5 million employees while the population in Vietnam is about 90 million. 86 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Vietnam is 2. Hc23 # & chemicals in textile industry acid sulfuric h2so4, unlabelled, 98% liquid, used to treat sewage, goods packed in tank trucks of 10, 000kg / tank. Vietnam’s exports increased from USD 15. This was 8 percent of all MSW landfilled. This section provides information relating to employment in textile product mills. China is the world’s largest textile factory with a complete supply chain and advantages in machinery and cheap labor. Vietnam now boasts the world third biggest apparel exporters . Year 2010 2011 2012 2013 2014 Q2/2015 Vietnam’s textile and garment association should gather and deliver information and knowledge on the preferences and media to all of production network, customers, and foreign investors, potential local entrepreneurs who contribute to strength of textile and garment industry in Vietnam. It’s considered a developing nation, but Vietnam is capable of high quality manufacturing while providing lower production costs at the same time. Wholesale menswear , womenswear ,linen fabric , Cotton Fabrics and kidswear from Thanh Cong Textile Co. In 2018, the global textile turnover scale was estimated at $1,438. In Go Vap District, in the last months of this year, it has been confirmed by customers specializing in exporting fashion products to the US to re-sign orders that are enough for production until the third quarter of next year. Oct 11, 2018 · In 2010, China’s textile industry processed 41. com The Vietnam National Textile and Garment Group (Vinatex) on March 25 informed that Vietnam’s textiles and clothing industry might suffer a loss of approximately $472. According to the Vietnam News Agency, Vietnam's export activities are facing many difficulties under the epidemic. In the first six months of 2014, Italy exported € 14 million worth of textile machinery to Vietnam. Global demand of textile and garment is expected to grow 3. The Vietnam Textile and Garment Association estimates that export revenue in calendar year (CY) 2018 will Vietnam is one of the 10 largest exporters of textiles and garments globally. However, chemical discharge makes the sector the second-biggest water polluting source in the country. 6 million. Yarns and thread are used to produce fabrics that are woven or knit, finish fabrics by dyeing or coating them, and make fabrics into simple finished consumer products like rugs, carpets, curtains, linens, and textile bags. Aug 07, 2020 · In the past five years, the textile industry has continuously grown at an average rate of 17 percent annually. Apr 24, 2020 · Vietnam, although also affected by the trade war, still recorded some US$35 billion in textile exports in 2019. 1 Raw Materials of Primary Textile Industry Sector in Vietnam 13 3. VINATEX 越南国家纺织制衣集团 – The Viet Nam National Textile & Garment Group was established as a merger of all centrally state-owned enterprises in the field of textile and garment. S. 4 per cent from the same quarter last year. 4 million respectively in the same period. Ltd. This data can have used for trend analysis, customer behavior analysis, forecasting etc. 5 Billion during the first ten months of 2009, mainly to the US and Europe. Primarily as the result of the growth of this industry, it is estimated that approximately 100,000 Vietnamese have HIV/AIDS. 5 percent. Jan 23, 2014 · As a result, export growth is expected to be lower this year, with the target being only 12 percent, compared to 18 percent last year, according to the Vietnam Textile and Garment Association. 14 hours ago · Trigger. 3% of the total exports in 2019. Nov 12, 2020 · Vietnam’s textile and apparel exports in 2020 are set to decrease by 10 percent against 2019 to $35 billion. Employment in the garment industry is particularly important in The rate for items such as sheets and pillowcases was 16. 3 percent of MSW combusted with energy recovery. 2 Polyester/Synthetic Fibers 13 3. For example, as a result of the booming garment industry in Bangladesh, that country's economy has grown at related to the textile and garment industry, including leather and shoes. Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), said that there are 7,000 enterprises in the industry, providing jobs for 3 million workers across the country. With over 4,700 local textile producers,1 Thailand hosts a full range of activities across the entire textile value chain, ranging from the production of fiber, and fabric, all the way to the design, manufacturing and sales of apparel and functional textiles. 4 billion globally and directly employees 75 million people throughout its value chain. Export value reduced by about 6 per cent to $8. 2. 88%. Jan 01, 2021 · The textile industry is the largest manufacturing industry in Pakistan. The industry’s good results last quarter was due to rapid growth from new markets. That was an 8. Similarly, India, Bangladesh and Sri Lanka raised their textile and clothing exports by 36 per cent, 72 per cent, and 24 per cent, respectively, during this period. Hanoi (VNA) - The garment sector has set targets of earning 55 billion USD from export and generating 3 million jobs by 2025. After a prudential decision made by organizers and relevant associations, we regret to announce that the 20 th Vietnam Int The Hanoitimes - The RCEP with flexible rule of origins is seen as a plus point for Vietnam’s textile industry to further penetrate potential markets. 8), Pepper (12. Vietnam’s textile and garment sector is hoped to make breakthroughs in 2019 and sets target US$200bn garment, textile exports by 2035 based on successes and momentum last year. 1% over the same period in 2019. Apr 30, 2018 · China’s market share by value in the global textile and clothing industry fell from 38. hanoi , hoan kiem vietnam. Vietnam’s textile and apparel industry is competitive and diverse with a growing number of companies and skilled workers. The industry maintained unceasing growth from 12 percent in 2010 to 16 percent in 2018. Vietnam textile and apparel industry 11 1. According to the data from Vietnam’s Foreign Investment Agency (FIA), FDI investments in Vietnam were up 152. 2 billion in 2015). Under the EVFTA, 42. The total amount of textiles in MSW combusted in 2017 was 3. Increasing apparel exports in the short term in response to trade agreements will require the development of strong textile production capabilities that meet quantity, quality, product type, and global value Wages in Vietnam decreased to 6340 VND Thousand/Month in the second quarter of 2020 from 7199 VND Thousand/Month in the first quarter of 2020. The textile and apparel industries contribute significantly towards the national economy of many countries (Jones, 2006; Dicken, 2003). 31/Mar/2020: 28092092 VIETNAM TEXTILE AND APPAREL INDUSTRY. Currently there are about 6,000 textile and apparel manufacturing running in Vietnam with over 2 million employees working in the industry. China consistently remains by far the largest US clothing supplier, with imports three times as high as nearest rival Vietnam, and the same as the remaining nine largest supplier countries combined. The Chinese textile industry creates about 3 billion Sep 23, 2019 · The industry should reinvent itself. Export and import 13 3. By early 2017, South Korea’s Sea-A Group has committed a total of $2 billion in capital in Vietnam’s textile and garment industry. textile and apparel shipments totaled $75. Nov 10, 2020 · According to statistics from the Ministry of Industry and Trade (MoIT), the export turnover of the industry declined by 9. The International Textile Manufacturers Federation (ITMF) is an international forum for the world's textile industries, dedicated to keeping the world-wide membership constantly informed through surveys, studies and publications, participating in the evolution of the industry's value chain and through the organization of annual conferences as well as publishing considered opinions on future May 22, 2018 · Today there are about 6,000 textile and apparel manufacturing companies working with 2. Jun 05, 2019 · Textile Industry Vietnam’s textile and garment sector is growing steadily and remains one of the county’s top export industries, significantly contributing to the country’s Gross Domestic Product (GDP) growth. Get textile industry under HS Code 84 import shipment data of Vietnam covers value, quantity, unit, foreign country, import company name etc. Vietnam’s textile industry has currently imported 90% raw cotton, 100% synthetic fibre and 80% cotton fabric. The policy covers the Vietnam’s textile industry is facing many difficulties due to the prolonged China-US trade war, witnessing a fall in both export and production, say industry experts. The fibre is the basis of the yarns and fabrics which end up as, amongst others, clothing and household articles in consumers' everyday life. Competition for global market share from emerging countries is increasing, as a reduction in prices in 2009 benefited low-cost countries like Bangladesh and Vietnam at the expense of the Chinese textile and apparel industry (China’s textile comparative advantage, 2009; Report of Chinese apparel, 2009). In 2018, the export value of textiles and Dec 09, 2020 · Published by Statista Research Department, Dec 9, 2020 In 2018, the Vietnam National Textile and Garment Group (VGT)'s revenue amounted to approximately 19. The seminar on 'smart manufacturing system for sustainable textile industry' will be a boost for textile industries in Vietnam to become a part of industrial Today’s top 140 Textile jobs in Vietnam. Vietnam’s textile and garment industry is predicted to earn $33. In 2016, exports to Mexico for American specialty and industrial fabrics accounted for 50% of the total for the U. 04, 2020 (GLOBE NEWSWIRE) -- Home to a population of over 92 million, Vietnam houses a thriving textile industry with manufacturers of almost every niche of clothing Aug 14, 2017 · The Vietnam Textile and Apparel Association (VITAS) and World Wildlife Fund (WWF) Vietnam are collaborating to transform Vietnam’s bourgeoning textile and apparel industry into a more sustainable one. Vietnam’s textile production and the finishing function (for fashion garments) have not kept pace with the growth in apparel assembly. 6 million people, accounting for more than 12% of the industrial workforce and nearly 5% of the country's total labor force. Export of raw materials to China plummeted as China cut back […] NEW YORK, October 18, 2016 /PRNewswire/ --. 6 percent year-on-year. 3 percent in 2017. 4 million jobs, with women constituting 80 per cent of these. It is forecast that textile and garment turnover in the South Korean market could reach $16. Key Statistics Employment in Garment Industry: About 60 million1 to 75 million2 people are employed in the textile, clothing and footwear sector worldwide (2014). In countries like Bangladesh, India, and China, the industry has served as a stepping stone to development. 4 13. Bangladesh Garment Industry statistics - Bangladesh; Chinese textile and garment statistics, export champion of the world - China; Vietnam’s garment industry is having its best time - Vietnam; Statistics fashion industry Indonesia - Indonesia; The fashion industry statistics pages are a product of FashionUnited Business Intelligence. 8 million, India 15. 2019 will be a challenging year for Vietnam’s textile and garment industry as it needs to record major breakthroughs to take on new roles in the global value chain, including shifting from simple processing - Cut, Make and Trim (CMT) - to purchasing materials, free on board (FOB), original design manufacturer (ODM), and original brand manufacturer (OBM) modes, a seminar in Hanoi on September The textile industry – comprising spinning, weaving, knitting and finishing of fabrics – had a total of 349 manufacturing establishments in March 2020, employing 1,828 workers or 2. The sector today accounts for nearly 2. The 10 largest export categories in first 11 months of 2018. The textile and garment industry has made a remarkable contribution to the economic development of Vietnam and employs currently a large labor force of 2. The import value of fabric and sub-material for the textile and garment industry accounts for 40 per cent of garment export revenue. 5 million jobs in garment industries, with Bangladesh creating 4. The textile industry of Indonesia is labor intensive and fast growing textile market in present times. A disruption of the global supply chain for input materials and a sharp decline in the number of orders due to the Covid-19 pandemic are severely impacting Vietnam’s textile industry, making it difficult to realise the $42 billion garment export target set for this year. Apparel machinery industry 9 II. Vietnam Textile and Apparel Association (VITAS) together with the Korea Institute of Industrial Technology (KITECH) will host a seminar on sustainable textile industry on July 13, 2017. It is the main source of manufacturing employment and exports; • Mauritius diversified from sugar into textile and clothing in the 1980s and subsequently into tourism and other services. These 2 expos are aimed to provide a one stop market for all buyers in Vietnam and the neighboring VCCI 越南工商会 – Vietnam Chamber of Commerce and Industry one of its main functions. The industry currently accounts for 14 per cent of Vietnam’s total exports. Vietnam is the 2nd largest garment exporter to the USA as well as to the world. 5 - 34 billion USD from exports in 2020, higher than the forecast of 30-31 billion USD in April, and down 14-15 percent year Jan 08, 2021 · "Việt Nam's textile and apparel industry has never faced negative growth in both imports and exports like that," Cẩm said. In 2015, workers in textile and apparel sector makes up quite high, about 25% of total workers in manufacturing industry in Vietnam. Feb 06, 2019 · 3. . French build some big factories in Nam Dinh, HaiPhong, and Hanoi to server for this industry. Majority of the unemployment will be seen amongst the workforce just entering the market. 92 million if export orders Textile investment from South Korea in Vietnam is also increasing. 1 Technology Used in Textile Industry of Vietnam 14 Analyzing the potential of garment and textile industry of Vietnam, Mr. Access new updated reports and statistics for the Textile Industry in Vietnam. About 90% of Vietnam’s total products are exported. The MFA placed restrictions on the import by industrialized countries of textiles from developing countries. Protection of the textile and clothing sector has a long history. The export revenue from Vietnam’s garment products in Q1 2018 reached US$5. 26 crore Nov 09, 2018 · The Vietnam Textile and Apparel Association (VITAS) and World Wildlife Fund (WWF) Vietnam is collaborating to transform the country’s bourgeoning textile and apparel industry more sustainable. 3% year-on-year in the first ten months of 2020 to US$24. The General Department of Vietnam Customs recently revealed statistics showing that in 2020, Vietnam exported over 1. "Vietnam is 17% duty free to the US, whereas Bangladesh has the same situation as ours with Europe Thailand’shome textile products, including bedding, curtains, bathroom textiles, and carpets, are exported throughout the world. The United States is Vietnam’s top export market (around 40%), followed by the EU (around 12. Currently, the industry comprises ninety-six factories and employs more than 25,000 workers. Jan 24, 2018 · Insights on the fashion industry in Vietnam [market analysis] Fueled by the growing middle class, the fashion and garment industries are booming in Vietnam. What sets apart Thai home textile products from other countries are their delicate designs and hand-woven processes, ensuring that products achieve a premium quality that is widely recognized around the world. 3. As a result, the industry plays a significant role in the socioeconomic climate of Vietnam, accounting for approximately 2. Garment manufacturing accounts for the majority of businesses, at 70 percent. Nov 28, 2017 · The textile industry has high direct costs, which is equivalent to approx. The garment and textile industry in Vietnam has played a significant role in enhancing the social and economic conditions of the country. According to the Vietnam Textile and Apparel Association (VITAS), the textile and garment industry is one of the largest economic sectors in the country. 1%). 5 million people in Vietnam. 25% of them reaching 50 million and 30% reaching over $1 million. 2 billion to USD 33. This paper comparatively analyses the policies adopted by both Bangladesh and Vietnam in the ready-made garment industry through an analysis of FDI and export activities for the garment industry In Vietnam, textile and apparel is high growth labour intensive industry and rapidly expanded; female workers account for over 80%. 2 million tons of MSW textiles in 2017. The textile and clothing industry employs around 2. imports from Vietnam has been on the rise in recent years and increased by $771 million (6. 5 million workers, constituting 25 per cent of the total labour force in the industrial sector and generating 17 per cent of Vietnam’s export revenue (US$27. 61% in the first six months of 2019 to US$17. Vietnam’s apparel and textile industry plays an important role in national socio-economic development of the country. All these data come in various forms like words, images etc. Hence, the industry has earned the third position in apparel manufacturing globally and the leading position in South Asia. Sep 07, 2015 · Investment Opportunities Of Textile Industry In Vietnam 1. It is registered under The Society’s Registration Act XXI of 1860 and under the Bombay Public Trust Act 1950 (BOM, XXIX of 1950) at the Public Trust Vietnam textile and garment industry facing a great challenge in meeting the requirements of productivity, quality and fashion trends as the yarn, fabric and dyeing sectors need some 300-400 2017-10-04 11:00:00 Vietnam’s textile industry is facing many difficulties due to the prolonged China-US trade war, witnessing a fall in both export and production, say industry experts. Statistics play a vital role for all industries. Of which, 70 per cent of imported fabric was for manufacturing export garments. Nov 11, 2019 · As for human resource development program for the Vietnam textile and garment industry coordinated by the Vietnam Textile and Apparel Association, the government had hoped to give 600,000 workers additional skills but only 50,000 had completed such studies by 2018. Garment, Textile Industry Starts To Warm Up . 76 billion. 2 days ago · New Delhi: India is likely to develop seven mega textile parks, on the lines of China and Vietnam, as part of a plan to double the industry size to $300 billion by 2025-26. 75 billion from exports in the first quarter of this year, up 12. Jan 08, 2013 · Unfortunately, an illegal commercial sex industry has emerged in Vietnam, especially in the Ho Chi Minh City area. These data are obtained from employer or establishment surveys. 2 billion worth, just below China and India. It has been among Vietnam’s top five exports since 2001. Booming garment & textile industry, favorable trade policies & agreements and growing industrialization to drive Vietnam textile chemicals market Aug 09, 2020 · Another study by the Ministry of Industry and Trade notes that in the first half of the year, textile production in the country was just 2. In 2010, it was valued at US$11. 2 million tons. Global Garment Industry Factsheet Lina Stotz & Gillian Kane 1 Facts on The Global Garment Industry 1. South Korea Hong Kong Taiwan India 4. 8 percent higher than the $36 Vietnam textile industry to benefit from FTAs admin Today, 10:57 Despite mounting challenges from the Covid-19 pandemic, new free trade agreements, including the recently-signed RCEP, along with local firms’ own efforts in a new circumstance, are opening up new opportunities for exports. The textiles ministry has readied a Cabinet note on the proposed national textiles policy, which seeks to position India as a fully integrated, globally competitive manufacturing and exporting hub. The textile industry is now the second largest exporter in Vietnam and is expected to become the largest in 2009. Data from the Ministry of Industry and Trade (MoIT) showed that since the beginning of the year, the textile industry has achieved positive results. The policy covers the The main purpose of this study was to find out the perceived impacts on the garment and textile industry of Vietnam from the Belt and Road Initiative (the BRI), a global-scale developmental and trade facilitation policy of China. December 2016—Vietnam’s textile industry just got some good news that will save companies thousands in fees as well as several days of shipping delays with repeal of a testing regulation. Vietnam’s textile and clothing exports went to around 180 countries. Currently, the company is expanding its market to Northern provinces. 2 million meters per month, and it is likely that the production output of this item will be reduced by about 230-300,000 meters in the third quarter of this year. Minimum wages for garment workers in the country varies from US$ 180 to 220. SaigonTex 2019 - Vietnam Textile & Garment Industry Expo is the biggest and the most influential event in the textile and garment industry of Vietnam. Indonesia is one of the world's leading textile producers. 01 percent lower than the previous year’s budget of 6943. The policy covers the Jul 30, 2016 · One area that would benefit from structural reform is the textile and garment industry (T&G). The textiles industry is one of Hong Kong's major export earners, accounting for 1. Therefore, it is important that global demand continue to improve, especially in U. 5-$34 billion from exports in 2020, higher than the forecast of $30-$31 billion in April, and down 14-15 per cent year on year. 3 billion for 2015, increasing 11. Textiles and clothing (% of value added in manufacturing) Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division 3. 19 billion yarn products and 6 per cent to $354 billion for textile HÀ NỘI — Việt Nam’s textile and garment industry is striving to achieve export turnover of more than US$40 billion in 2019, a year-on-year increase of 14-15 per cent. Vietnam’s renaissance in manufacturing while other countries are seeing a slowdown goes beyond China and its role as a push factor. Leverage your professional network, and get hired. Buyers are seeing fewer and smaller orders because of the conflict, said a ministry of investment and planning report. com Both: 12th floor TMS Building, 172 Hai Ba Trung Street, District 1, Ho Chi Minh City, Vietnam Business and Investment in Vietnam Textile Industry December 2019 Overview of Vietnam’s Textile and Apparel Industry After more than 20 years of continuous development with an average growth rate at 17% per year, the textile and apparel industry has become a major economic industry and is a leading export industry in Vietnam, accounting for 10%–15% gross domestic product (GDP) [ 1 ]. 07 billion in textile and clothing exports in 2016, but it also spent $2. This was 9. Despite mounting challenges from the Covid-19 pandemic, new free trade agreements, including the recently-signed RCEP, along with local firms’ own efforts in a new circumstance, are opening up new opportunities for exports. Mehek Saeed. 5% in 2019-2020. Textiles and clothing comprise ISIC division 32. For VIETNAM TEXTILE & GARMENT INDUSTRY The world textile industry is deeply influenced by macroeconomic fluctuations. May 22, 2018 · Today there are about 6,000 textile and apparel manufacturing companies working with 2. Vietnam became a member of the World Trade Organization (WTO) in 2007, which freed Vietnam from textile quotas enacted worldwide as part of the Multi Fibre Arrangement (MFA) in 1974. These 2 expos are aimed to provide a one stop market for all buyers in Vietnam and the neighboring The industry achieved $1. 1. Along with tourism, aviation and footwear, textile is one of the hardest-hit sectors by the Covid-19. Considering that the country earned an astounding US $ 36 billion from the export of apparels and textiles in 2018, it will not be a surprise if Vietnam joins the top three textile exporters in the years to come. and its imports from Vietnam are growing by 7-10 percent a year. Textile Industry is the foremost leading and largest national body of textile professionals of India, striving for the growth of India’s largest single Textile Industry for over 7 decades. 79% compared to a world growth of Dec 30, 2020 · A production line at the Việt Nam Textile and Garment Group (Vinatex). 70-80% (especially material and labour costs) than other operating expenses and this is adding further pressure for dominant international players to shift base to Vietnam and Bangladesh. Wages in Vietnam averaged 4680. 3 million and Indonesia over 3. 13. The Vietnam Textile and Apparel Association expects textile manufacturing to grow about 10 percent this year to hit US$40 billion (€35. According to Fly High Garment Co. Jun 29, 2018 · According to the International Labor Organization (ILO), 86 percent of textile and footwear industries workers in Vietnam are at risk of losing their jobs due to technology. 6 per cent in 2015 to 35. Textile big data All the data associated with a textile product is hence called as textile data. Nov 08, 2017 · Call me biased, but I say with conviction that Vietnam is the most unique and authentic country in South-East Asia. 5% to the GDP of Pakistan. 2% of the local manufacturing workforce. According to statistics from the Ministry of Industry and Trade (MoIT), the export turnover of the industry declined by 9. The EU is the second largest market for Vietnam's textile and apparel industry, accounting for 16. With fierce competition between local and foreign companies, both in traditional retail and e-commerce, here is some information to navigate the market and understand fashion buyers development of the textile and clothing industry in vietnam vietnam: geographical, political and economic profile vietnam: infrastructure vietnam: human resources size and structure of the textile Find industry analysis, statistics, trends, data and forecasts on Textile Mills in Canada from IBISWorld. Dec 09, 2020 · Published by Statista Research Department, Dec 9, 2020 The statistic shows the annual export value of textiles and garments in Vietnam from 2014 to 2018. 8 per cent in 2016, with a downward trend in major apparel importing regions such Jul 01, 2020 · Purpose of the study: Due to changes in the occupational structure and the new regulations in all global industries, skill development is critical for stakeholders from the local governments and industry persons. 1 Technology Used in Textile Industry of Vietnam 14 Jun 19, 2019 · And the numbers are set to rise. Although the apparel industry is global in nature, the manufacturing facilities from developed countries are shifting to developing countries to reduce the labour cost (Bheda et al. The RCEP with flexible rule of origins is seen as a plus point for Vietnam’s textile industry to further penetrate potential markets. SaigonTex 2021 - Vietnam Textile & Garment Industry Expo is the biggest and the most influential event in the textile and garment industry of Vietnam. 2 Primary Textile Industry Sector in Vietnam 13 3. Truong Van Cam, deputy chairman of the Viet Nam Textile and Apparel Association (Vitas), said stronger links in the industry are needed. 14 in thousands of US$ leading to a positive trade balance of 1,903,307. 97bn, according to new figures from the Vietnam Textile and Apparel Association (VITAS). vietnam textile industry statistics

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