According to information released by the Ministry of Industry and Commerce of Vietnam, the exports of the textile and garment industry have grown significantly from January to May 2019, reaching US$9.43 billion, an increase of 9.8% compared with the same period in 2018. Among them, ready-made clothing grew by 8.8%, natural fiber fabrics grew by 3.9%, man-made fiber fabrics grew by 19.5%, and casual wear grew by 8.7%. The ministry estimates that textile and garment exports in 2019 will reach US$40 billion, an increase of 14-15% over the previous year.
According to LeTien Truong, general manager of Vietnam’s textile and garment industry Vinatex Group, Vietnam’s garment industry continues to grow, with orders from January to May 2019 increasing by 8-8% compared with the same period last year. 10%. Truong also emphasized that textile companies are actively looking for new markets. In May 2019, Vinatex and 10 other large companies organized a group to Canada to expand sales. Canada is also a member of the Pacific Comprehensive and Progressive Partnership (CPTPP) and will increase exports to Canada in the future.
However, Vietnam’s textile and garment industry has gradually brought many challenges, such as challenges from other competitor countries. Therefore, it is necessary to improve technology and innovation, save energy, improve productivity, etc. In addition, artificial intelligence, robots and big data need to be used.
AAA functional fabric network SVSGHRUTO
