Exporting goods to 104 countries and territories

Shared at the Press Conference of the Summary Conference Vietnam Textile and Apparel Association (Vitas) 2023, taking place on November 23 , Mr. Vu Duc Giang - Chairman of Vitas said: In 2023, large inventories in import markets after being "overbought" in 2022, combined with reduced consumer demand, will cause the textile industry to globally, including Vietnam, are affected, orders decrease, prices lower and competition is fierce.

According to statistics by the end of the 10th month of 2023, Vietnam's textile and garment industry reached about 33 billion USD in export turnover, The whole year is expected to reach about 40.3 billion USD, down 9.2% compared to the previous year.

Mr. Vu Duc Giang - Chairman of Vietnam Textile and Apparel Association

In this year's not-so-bright picture, the industry's notable highlight is its market breakthrough. “Never has Vietnam exported textiles and garments to as many markets as this year, to 104 countries and territories ”, Mr. Vu Duc Giang said. The US is still Vietnam's largest garment export market, by the end of 9 months exports to this market reached over 11 billion USD, followed by Japan with 3 billion USD, Korea with 2.43 billion USD, EU nearly 2.9 billion USD.

In addition, since the beginning of the year until now, Vietnam has exported a significant amount of textiles and garments to Canada, China, England, Australia, Russia, Indonesia, Thailand, Hong Kong, India... Among the key markets industry, exports to the EU this year did not meet expectations, down 13% in 9 months.

In addition to diversifying markets, domestic textile and garment enterprises have diversified their export products. According to Vitas statistics, in 9 months, Vietnam textile and garment exported 36 types of products around the world, of which jackets are still the main export item with 4.385 billion USD, clothes of all kinds with 3.853 billion USD, and t-shirts. 3.85 billion USD, shirts 1.879 billion USD, children's clothing 1.7 billion USD, fabrics of all kinds 1.7 billion USD... In particular, Veston products have recovered significantly this year.

“It is because of efforts to diversify markets and diversify export products that has helped the textile and garment industry gradually overcome difficulties, moving towards the goal of not being dependent on the market. large import market", Vitas leader said.

Also according to Mr. Vu Duc Giang, in addition to efforts to diversify markets and export products, the close combination between associations and businesses in propagating and recommending policies, connecting supply and demand is the solution to help Enterprises respond effectively to difficulties and challenges.

Specifically, the association has worked with businesses in the industry to implement green solutions and develop sustainable production. This includes converting coal, oil, and wood-burning boilers to electric boilers.

Invest in digital technology to create transparency in production and business activities according to brand requirements; Support businesses to meet importer's standards; maintain stable labor resources.

What are the goals for 2024?

In the last quarter of 2024, according to Mr. Vu Duc Giang, orders to businesses have been better, which is a good sign for the approaching year 2024. In 2024, Vietnam's textile and garment industry aims to reach 44 billion USD in export turnover.

In 2023, textile exports are expected to reach 40.3 billion USD

To achieve this goal, diversifying markets and diversifying export products is still an important solution. At the same time, the industry continues to implement goals for sustainable development, adapting to the global market's requirements for greening and reducing greenhouse emissions, with priority given to deep investment in boiler systems. electrocautery, digital management.

Implement investment solutions on industrialization and automation, especially investing in a number of production lines to meet the requirements of fast delivery, small product codes, and high quality. Focus on developing the fashion industry, developing domestic brands and spreading them to the world market. Develop fashion design human resources that can adapt to 3D design technology.

Vietnam has currently signed a significant number of free trade agreements. To take advantage, the association and domestic textile enterprises continue to develop the fashion industry, build production chains, and proactively input materials, application of science and technology in production and management...

Responding to issues raised by the media at the press conference, Mr. Vu Duc Giang said: Developing the fashion industry is an issue that has been raised for a long time but has not been implemented, an important reason is the lack of human resources. design. This is a weakness that needs to be overcome.

However, it is not that the Vietnamese fashion industry is not yet developed, it is existing but scattered and has not yet become a whole. Brands today no longer specify designs but only give requirements to manufacturers to develop samples and offers. Thus, the Vietnamese fashion industry already exists, what is needed is to establish a Vietnamese fashion design association, have a development strategy for the design stage, form fashion show and training centers. Human.