The garment and textile industry keeps an important role in developing Vietnam’s socio-economic growth nowadays. Not only serving the demands for daily life, but also the garment and textile industry creates tens of thousands of job opportunities for local workers, attracts foreign investments and contributes to economic growth.
1. The garment and textile industry in the domestic market
According to the 2019 Census, the population of Vietnam is more than 96 million people, ranked 15th in the world and 3rd in Southeast Asia. The crowded population will consume a large number of textiles and clothing products. This is a potential market for garment and textile enterprises.
Domestic textile enterprises have constantly improved product designs and diverse product materials to update the fashion trends of Vietnam as well as the world.
Vietnamese enterprises also brought world-famous fashion brands to consumers and well received by the domestic market. Standard technology transfer from advanced countries such as the EU, Japan, and Korea is also applied by Vietnamese garment enterprises to bring quality products to consumers.
The Vietnam Ministry of Industry and Trade planning and reports said: From 2013-2015, the domestic market growth of the textile and garment industry reached 9-10%/ year and the period 2016-2020 is expected to reach 10- 12%/ year.
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2. The garment and textile industry attracts foreign investments
Over the years, the Vietnam garment industry has attracted a large number of foreign investments and projects (FDI).
According to reports from the Vietnam Textile and Apparel Association, Vietnam has attracted 63 textile and apparel foreign projects which total investment value of about 700 million USD in the first 5 months of 2019. The textile and apparel foreign projects include 12 projects from Korea, 17 projects from China …
3. The garment and textile products of Vietnam export to the world
For years, the garment and textile industry have made great contributions to Vietnam’s export growth:
- Be the pioneer industry in exporting goods to the world market, and have earned a large amount of foreign currency from that.
- Reaching a high growth rate in the export sector, an average of 24.8%/ year and accounting for 20% of the country’s total export turnover. Garment and textile have become one of the industries with the highest export turnover of Vietnam.
- In the first 8 months of 2019, the total export value of the industry reached $ 25.67 billion
The export markets of the Vietnam textile and garment
Vietnam’s textile and garment industry has exported its products to Europe, Canada, the US and Japan markets, in which Europe accounting for the largest share of approximately 34-38% of Vietnam’s total annual textile and apparel export turnover.
The statistic numbers show products of FDI textile enterprises account for about 70% of the export value of the whole textile and apparel industry. This is a figure that is superior to domestic textile enterprises.
4. Contact to recruitment consultant agency in the garment and textile industry
Advisewise Consulting Group’s consultant team trained professionally and have a deep understanding of the Garment and Textile field perform advisory services, especially recruiting services at the Intermediate/ Senior Personnel level. With our services, candidates have the opportunity to come closer to attractive vacancies such as Merchandiser, Production Manager, QA / QC, Designer, Pattern Marking, …
You are a candidate and looking for a better job? Do not hesitate to contact us at the below information:
Advisewise Consulting Group
Add: 14th Floor, Nam Cuong Building, Km4 To Huu street, Ha Dong district, Hanoi
Hotline: 024 3204 7050