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Textile entered the new game

Ngày cập nhật: 09-14-2017

The new game of the textile and garment industry in 2017 is well prepared for the conditions to increase market share in the EU market, welcome opportunities from the EU-Vietnam free trade agreement.

The new game of the textile and garment industry in 2017 is well prepared for the conditions to increase market share in the EU market, welcome opportunities from the EU-Vietnam free trade agreement.
There are no bright elements

2016 is a very difficult year for the textile industry as only one digit export growth, up 5.2%, while in previous years are both double digit growth. Compared with the absolute value, the number did not decrease much, the previous year increased by $ 2 billion a year, this year increased by $ 1.5 billion, but compared with the scale of the sector after 6-7 years, the growth of 5, 2% is really a challenge for businesses in the industry.

Le Tien Truong, General Director of Vietnam Textile and Garment Group (Vinatex) said that in the beginning of 2016, the textile and garment industry is forecasted to double digit growth to reach 30 billion USD, but in fact reached 28.3 billion USD. Unlike in previous years, the difficulty of the textile industry did not come from the economic downturn but from the political uncertainty factors, it is difficult to predict such as he left the EU, Donald Trump as President of the United States. "This is a new point for Vietnam textile. In 10 years of operation, I think that 2016 is the year of non-economic fluctuations but the direct and rapid impact on the economy, "said Truong.

Although the growth rate is low, not suitable with the capacity and size of the textile and garment industry, Tran Tuan Anh, Minister of Industry and Trade said Vietnam garment and textile still holds growth in the world markets. , especially the highest growth rate among the textile and garment exporters in the world. More information, Truong said, Vietnam's market share in major markets continued to improve as the US market share increased to 11%, market share in Japan also increased well, Vietnam became The focus of the textile world competition.

By 2017, the textile and garment industry will continue to be forecasted to face many difficulties, but there are no new factors, although the forecasts show that the economic trend has improved. In the domestic market, the government continues to maintain macroeconomic stability, so it is still required to apply flexible exchange rate policies, so, according to Le Tien Truong, there will be no big change to support the export. Vietnam while other countries do a lot. The export competition is increasingly fierce, the country export competition will continue to attract orders thanks to tax support policies, exchange rates. "For example, in the last 6 months of 2016, commodities are relatively cheaper than in Vietnam. This will continue to be pressure in 2017, "said Truong.

With the forecast is still difficult, in 2017, the textile and garment industry is not striving to achieve the target of 10-12% growth every year but is expected to increase by 6.5-7% in 2017, equivalent to over 30 billion USD.

The biggest game is the EU

Le Tien Truong still points out the bright signal for 2017 that the legal completion of the Vietnam-EU FTA will be completed in 2018. effective. This means that in the second half of 2017 there may be many activities for the preparation of the EU market. "We hope to place ambition for growth in the EU to make up for the 2017 target," said Truong.

In fact, the EU market potential is huge but competition in the EU is different from the US. In the EU there are a large population size but still individual countries, their own culture, the identity of each country population is small from 10-12 million people. Therefore, when approaching the EU market, companies have to approach different countries, such as Britain, Germany and France. Therefore, access to the European market is much more difficult than accessing the US market.

With the EU due to its small market nature and its high fashionability, short turnaround times require extremely short delivery times. Therefore, in the EU is importing half of textile products in the block as Greece, Portugal, Spain ... to move as fast as the provinces together in a country. Meanwhile, in terms of foreign imports, Vietnam has only 3% market share. Leaders of Vinatex said that competition in the EU is not as easy as in the US market, but with such a start, Vietnam has the opportunity, and the US has reached 11-12% market share, then difficult growth. than. "With the FTA's patents - the number of tariff lines going up to 0% and decreasing, effective from 2018, the second half of 2017 orders are also expected to grow in this market," said Truong. .


Given the opportunities offered by the agreement, the EU is considered the biggest player in the textile and apparel industry in 2017, so the focus of this sector is on how to boost growth in the EU market. According to Truong, if the EU increases only by 5-6% from 4 billion USD in 2016, it will increase by 200 million USD, but if it increases by 10-12%, it will contribute to the total export growth. another $ 500 million.

Of course, in addition to this core task, businesses must continue to focus on exploiting the higher performance of the invested equipment, ie reducing investment by opening more factories in different places by recruitment of labor but based on existing fixed assets

Textile entered the new game

Textile entered the new game

Textile entered the new game

Textile entered the new game

Textile entered the new game
Textile entered the new game
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