Vietnam textile industry statistics

Vietnam textile industry statistics

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vietnam textile industry statistics The apparel The Vietnam textile industry is expected to grow at a CAGR of 10. Mehek Saeed. 1% over the same period in 2019. May 25, 2017 · According to the statistics, Vietnam textile and garments industry earned $6. 82%, in terms of revenue, during the forecast period, 2018-2023. According to Fly High Garment Co. 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. , 2003). whole value chain of the textile industry, from upstream, midstream, to downstream. 5), Textile Footwear (17), Non-Retail Mixed Cotton Yarn (13. 3 percent in 2017. -Time: The literature review covers the development of textile-garment industry since the beginning of Doi moi (Economic Reform) in late 1980s. The project was launched this month and will be carried out from 2018 to 2020. Landfills received 11. Last year they were worth $4. Therefore, it is important that global demand continue to improve, especially in U. 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. 2 billion, and (p. Jan 08, 2013 · Unfortunately, an illegal commercial sex industry has emerged in Vietnam, especially in the Ho Chi Minh City area. Garment manufacturing accounts for the majority of businesses, at 70 percent. 7 16. The General Department of Vietnam Customs recently revealed statistics showing that in 2020, Vietnam exported over 1. 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. , Other Asia, nes, United States and Japan. 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. It has been among Vietnam’s top five exports since 2001. The U. Vietnam’s textile and clothing exports went to around 180 countries. 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. U. The industry currently accounts for 14 per cent of Vietnam’s total exports. 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. 2% of the local manufacturing workforce. Oct 11, 2018 · In 2010, China’s textile industry processed 41. Truong Van Cam, deputy chairman of the Viet Nam Textile and Apparel Association (Vitas), said stronger links in the industry are needed. 4 million jobs, with women constituting 80 per cent of these. 3% of the total exports in 2019. 6 million people, accounting for more than 12% of the industrial workforce and nearly 5% of the country's total labor force. Get up to speed on any industry with comprehensive intelligence that is easy to read. 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. 2 million tons. 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. 3% of the industry's export turnover in 2019. 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. The targets were unveiled at the sixth congress of the Vietnam Textile and Apparel Association (VITAS) in Hanoi on December 12. The MFA placed restrictions on the import by industrialized countries of textiles from developing countries. 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. Vietnam is the 2nd largest garment exporter to the USA as well as to the world. 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. 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. 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. The industry maintained unceasing growth from 12 percent in 2010 to 16 percent in 2018. 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. 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. textile and apparel shipments totaled $75. 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. 13. Buyers are seeing fewer and smaller orders because of the conflict, said a ministry of investment and planning report. 76 billion. 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. 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. For VIETNAM TEXTILE & GARMENT INDUSTRY The world textile industry is deeply influenced by macroeconomic fluctuations. textile supply chain exports went to our Western Hemisphere free May 17, 2018 · Out of them 84% are privately owned. 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. imports from Vietnam has been on the rise in recent years and increased by $771 million (6. 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. Data from the Ministry of Industry and Trade (MoIT) showed that since the beginning of the year, the textile industry has achieved positive results. Vietnam’s textile production and the finishing function (for fashion garments) have not kept pace with the growth in apparel assembly. 79% compared to a world growth of Dec 30, 2020 · A production line at the Việt Nam Textile and Garment Group (Vinatex). 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. 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. Vietnam’s exports increased from USD 15. The total amount of textiles in MSW combusted in 2017 was 3. The Vietnam Textile and Apparel Association ( VITAS ) has set a target of $40 billion in export turnover for the calendar year 2019, 10. Jul 22, 2019 · Vietnam's garment and textile exports have risen 8. 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. and its imports from Vietnam are growing by 7-10 percent a year. 48 crore,16. Vietnamese textile companies are in fact already heavily reliant on China, importing nearly 50% of yarns, fabrics and other raw materials from the country. Protection of the textile and clothing sector has a long history. 42 trillion Vietnamese dong. 1% increase from the year FDI firms expand in Vietnam’s textile and garment industry. 5 billion (a 120 per cent increase) during the same period. 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 ]. 3 million jobs, with 80 percent held by women. 3 Silk 13 3. Nov 10, 2020 · According to statistics from the Ministry of Industry and Trade (MoIT), the export turnover of the industry declined by 9. 3 percent of MSW combusted with energy recovery. In 2016, exports to Mexico for American specialty and industrial fabrics accounted for 50% of the total for the U. Global Garment Industry Factsheet Lina Stotz & Gillian Kane 1 Facts on The Global Garment Industry 1. 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. 4 million respectively in the same period. The fashion industry is key for economic development: it is valued at some USD 2. 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. 92 billion on clothing imports. S and Japanese Market Exporting Turnover: $40 billion in 2020 3. 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). During a year when Vietnam’s textile industry was hurt by plummeted demand, local producers found a silver lining in face masks. 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. 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. 1%). 2 Polyester/Synthetic Fibers 13 3. 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. 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. According to the Vietnam News Agency, Vietnam's export activities are facing many difficulties under the epidemic. South Korea Hong Kong Taiwan India 4. 37 billion face masks in different variations, reports Phu Nu. Unparalled growth, over the last few years, has made Vietnam one of the top five (largest) textile exporters in the world. 2 Jan 2019. This was 9. The export revenue from Vietnam’s garment products in Q1 2018 reached US$5. Tradeasia International Pte Ltd 2. — Photo vietnamplus. 5% of textile and apparel products will be free from tariffs immediately when the deal comes into effect. com www. 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. The country’s textile value chain has strong growth fundamentals, with production poised to grow by about 13 per cent annually until 2020. In 2018, the scale of global textile and apparel industry turnover is estimated at about 1,438. Wholesale menswear , womenswear ,linen fabric , Cotton Fabrics and kidswear from Thanh Cong Textile Co. 8 million, India 15. Apparel machinery industry 9 II. In less than two decades, the country has rapidly risen the ranks to become one of the world’s top ten textile exporters. 100% new: Vietnam: 20,000: kg: 4,414. 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. Vietnam now boasts the world third biggest apparel exporters . In 2019, Vietnam’s garment and textile industry earned US$39 billion from exports, a year-on-year increase of over 8. Wages in Vietnam averaged 4680. The textile industry is another success story. "Vietnam is 17% duty free to the US, whereas Bangladesh has the same situation as ours with Europe Thailand’shome textile products, including bedding, curtains, bathroom textiles, and carpets, are exported throughout the world. As a result, the industry plays a significant role in the socioeconomic climate of Vietnam, accounting for approximately 2. Competition for global market share from emerging countries is increasing, as a reduction in prices in 2009 benefited low-cost countries like Bangladesh and Vietnam at the expense of the Chinese textile and apparel industry (China’s textile comparative advantage, 2009; Report of Chinese apparel, 2009). Along with tourism, aviation and footwear, textile is one of the hardest-hit sectors by the Covid-19. 86 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Vietnam is 2. 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. 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 $50 billion USD by 2020. 6 million. 1. 26 crore Nov 09, 2018 · The Vietnam Textile and Apparel Association (VITAS) and World Wildlife Fund (WWF) Vietnam is collaborating to transform the country’s bourgeoning textile and apparel industry more sustainable. . 5 billion in 2015 29. Vietnam became a member of the World Trade Organization (WTO) in 2007, which freed Vietnam from textile quotas enacted worldwide as part of the Multi Fibre Arrangement (MFA) in 1974. Vietnam’s promise. The textile and garment industry is of great importance to the Lao economy. 5 million people in Vietnam. Hc23 # & chemicals in textile industry acid sulfuric h2so4, unlabelled, 98% liquid, used to treat sewage, goods packed in tank trucks of 10, 000kg / tank. )1 323 422 99 258 2,096 ' : 481 447 59$ , 1,160 5,584 Companies (No. 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. Of which, 70 per cent of imported fabric was for manufacturing export garments. 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. 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. 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. Vietnam now has about 4,000 garment and textile companies, including 650 foreign-invested firms. 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. 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. It has 54 distinct ethnic groups, many with their own language, lifestyle and long traditions that have been passed down through the generations. 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. As a result, the total export turnover of the garment sector reached $24 billion in 2014 and $27. 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. 01 percent lower than the previous year’s budget of 6943. Apr 24, 2020 · Vietnam, although also affected by the trade war, still recorded some US$35 billion in textile exports in 2019. Jul 16, 2016 · Vietnam’s textile industry has a high production capacity: 4,424 enterprises (as of 31/12/2013) with 2. 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. Noticeably, garment and textile raw materials, including yarn, fabric, and auxiliary materials, are mainly imported from China. 2 Primary Textile Industry Sector in Vietnam 13 3. 5% to the GDP of Pakistan. 4 13. 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. 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. Currently, the company is expanding its market to Northern provinces. 3 percent, according to the Vietnam General Statistics Office. Global business knowledge portal connecting international business professionals to a wealth of information, insights, and learning resources on global business activities. 75 billion from exports in the first quarter of this year, up 12. Statistics play a vital role for all industries. 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. Apr 30, 2018 · China’s market share by value in the global textile and clothing industry fell from 38. net. Contribute 20% of GPD 2nd largest garment exporting countries Growing 20% of exporting garment To the U. Feb 06, 2019 · 3. 1 Technology Used in Textile Industry of Vietnam 14 Analyzing the potential of garment and textile industry of Vietnam, Mr. 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. Instep. 79 References 1. 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. The Vietnam Textile and Apparel Association expects textile manufacturing to grow about 10 percent this year to hit US$40 billion (€35. 5 percent. 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. Email: info@lawyer-vietnam. 5 billion in 2015, and it is expected to reach $31 billion by late 2016. The trade growth is 9. 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. 4 per cent from the same quarter last year. 97bn, according to new figures from the Vietnam Textile and Apparel Association (VITAS). This may be in fibre, yarn or fabric manufacture and across any of the allied processes such as dyeing, printing and finishing. related to Apparel, Manufacturing, Trade, Jul 24, 2018 · The future of Vietnam’s textile and apparel industry. 14 hours ago · Trigger. Textile Statistics Cotton forms an integrated part of the South African textile industry. Crucially, China is a jack-of-all-trades. 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. 1 day ago · Now there are about 6,000 textile and apparel manufacturing companies working with 2. 8 percent higher than in the same time frame last year compared with 11. 46% of the value of imported textiles comes from products that were manufactured in China. Jul 03, 2015 · The Vietnam’s textile started developing in 1958 in Northern and in 1970 in Southern. July 7, 2019. 18 billion USD, equivalent to a decrease of 12. 1 Raw Materials of Primary Textile Industry Sector in Vietnam 13 3. 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). 2 million tons of MSW textiles in 2017. 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. 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. 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. The EU partnership agreement with Egypt allows Egypt to export textile and apparel products to the EU countries, without custom tariffs (Free Trade). 4 billion globally and directly employees 75 million people throughout its value chain. Jan 01, 2021 · The textile industry is the largest manufacturing industry in Pakistan. e. Leverage your professional network, and get hired. 8), Pepper (12. 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. 26 Dec 2018. Fiber, textile, and apparel exports combined were $29. 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. 1. 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. SaigonTex 2021 - Vietnam Textile & Garment Industry Expo is the biggest and the most influential event in the textile and garment industry of Vietnam. Vietnam’s apparel and textile industry plays an important role in national socio-economic development of the country. Hanoi (VNA) - The garment sector has set targets of earning 55 billion USD from export and generating 3 million jobs by 2025. Nov 12, 2020 · Vietnam’s textile and apparel exports in 2020 are set to decrease by 10 percent against 2019 to $35 billion. Vietnam has a high level of specialization in Coconuts, Brazil Nuts, and Cashews (21. According to the data from Vietnam’s Foreign Investment Agency (FIA), FDI investments in Vietnam were up 152. About 90% of Vietnam’s total products are exported. Vietnam’s textile and garment industry is predicted to earn about 33. 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. 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. Vietnam’s textile industry has currently imported 90% raw cotton, 100% synthetic fibre and 80% cotton fabric. 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. 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. The Chinese textile industry creates about 3 billion Sep 23, 2019 · The industry should reinvent itself. According to the Vietnam Textile and Apparel Association (VITAS), the textile and garment industry is one of the largest economic sectors in the country. Vietnam’s textile and apparel industry is competitive and diverse with a growing number of companies and skilled workers. There are 1. 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. 5 million people. Vietnam textile and apparel industry 11 1. The country has an equal share of production utilized internally and equal amount of produce shipped abroad. 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. 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. 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. " 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. The T&C industry still generated fabrics wholesaler. By Phuong Tran | Jul 24, 2018. Sep 24, 2020 · At the same time, the textile and garment industry employs more than 1. In the first six months of 2014, Italy exported € 14 million worth of textile machinery to Vietnam. 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. Apr 15, 2019 · The total value of the Mexico apparel industry in 2018 was approximately $22. Garment, Textile Industry Starts To Warm Up . 5 million jobs in garment industries, with Bangladesh creating 4. 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. 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. These 2 expos are aimed to provide a one stop market for all buyers in Vietnam and the neighboring The industry achieved $1. 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. Export and import 13 3. 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. 2% of enterprises reaching $100 million export revenue, 3. 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. It is the world’s third-largest manufacturing sector after the automobile and technology industries. The worldwide market for textiles and apparel exports in 2013 according to United Nations Commodity Trade Statistics Database stood at $772 billion. globalEDGE is a gateway to specialized international business research knowledge on countries, cross-border business transactions, and cross-cultural management. 61% in the first six months of 2019 to US$17. 27 billion for garment products, 0. 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. 6 per cent in 2015 to 35. 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. The garment and textile industry in Vietnam has played a significant role in enhancing the social and economic conditions of the country. It is forecast that textile and garment turnover in the South Korean market could reach $16. Indonesia is one of the world's leading textile producers. 16, D3, Van Thanh Bac Street Ward 27, Binhthanh Thanh Pho Ho Chi Minh . Export of raw materials to China plummeted as China cut back […] NEW YORK, October 18, 2016 /PRNewswire/ --. Vietnam’s textile and garment industry is predicted to earn $33. 5 Billion during the first ten months of 2009, mainly to the US and Europe. . It’s considered a developing nation, but Vietnam is capable of high quality manufacturing while providing lower production costs at the same time. 3% year-on-year in the first ten months of 2020 to US$24. The textiles industry is one of Hong Kong's major export earners, accounting for 1. 92 million if export orders Textile investment from South Korea in Vietnam is also increasing. 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. Key Statistics Employment in Garment Industry: About 60 million1 to 75 million2 people are employed in the textile, clothing and footwear sector worldwide (2014). Under the EVFTA, 42. The policy covers the See full list on study. 6 million USD. All these data come in various forms like words, images etc. 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. 6 billion because of the pandemic, the Ministry of Industry and Trade said in a recent report. 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. Stable consumption until the third quarter of 2021. The textile industry is now the second largest exporter in Vietnam and is expected to become the largest in 2009. Regarding fabric, Nam Dinh Textile Garment is currently producing about 1. Child workers are also found in the sporting goods sector too, performing manual tasks such as stitching soccer balls. Overview of Vietnam's textile and apparel industry 11 2. That was an 8. 69% and the Most Favored Nation (MFN) Weighted Average tariff is 5. 4% increase over the year before. 3%) and South Korea (8. Undereducated, unemployed women can be vulnerable to such an industry. 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. industry is the second largest exporter of textile-related products in the world. China is the world’s largest textile factory with a complete supply chain and advantages in machinery and cheap labor. The industry’s good results last quarter was due to rapid growth from new markets. Essential Mexico Apparel Industry Statistics #1. 2 billion in 2015). 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. 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. French build some big factories in Nam Dinh, HaiPhong, and Hanoi to server for this industry. The import value of fabric and sub-material for the textile and garment industry accounts for 40 per cent of garment export revenue. 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 $40 billion. 14 in thousands of US$ leading to a positive trade balance of 1,903,307. Sep 07, 2015 · Investment Opportunities Of Textile Industry In Vietnam 1. 8). 6 million, Vietnam over 2. Textile big data All the data associated with a textile product is hence called as textile data. May 22, 2018 · Today there are about 6,000 textile and apparel manufacturing companies working with 2. 25% of them reaching 50 million and 30% reaching over $1 million. 98 billion and increased 12. 5 million employees while the population in Vietnam is about 90 million. According to the Vietnamese General Statistics Office, the country shipped apparel and textiles worth US$ 7. SaigonTex 2019 - Vietnam Textile & Garment Industry Expo is the biggest and the most influential event in the textile and garment industry of Vietnam. Hence, the industry has earned the third position in apparel manufacturing globally and the leading position in South Asia. imports of those goods. 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. 0 Overview of the Textile and Apparels Industry in Vietnam 12-23 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. 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. The sector today accounts for nearly 2. S. 6 percent year-on-year. 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. Nov 28, 2017 · The textile industry has high direct costs, which is equivalent to approx. )2 281 321 87 224 l&l\ 440 383 * 372 1,071 5,090 Employment (OOO's) 55. 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. 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). 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 billion for 2015, increasing 11. 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. In 2018, the global textile turnover scale was estimated at $1,438. Textile sector contributes 8. Global demand of textile and garment is expected to grow 3. 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. Jan 08, 2021 · 'China + Vietnam + many' is still the go-to strategy. 16 billion, accounting for 15 percent of Vietnam’s total textile exports, according to the General Statistics Office. The Chinese textile industry is therefore a key player in the national economy, the international markets, and the global economy as a whole. , Ltd. However, chemical discharge makes the sector the second-biggest water polluting source in the country. 1 Technology Used in Textile Industry of Vietnam 14 Jun 19, 2019 · And the numbers are set to rise. 6 percent year-on-year in the first eight months to $19. 3 per cent to $664 million for fabric products, 11. Pakistan is the 8th largest exporter of textile commodities in Asia. 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. If the textile industry is affected, Vietnam's export market will also be hit hard. The policy covers the In the past five years, the textile industry has continuously grown at an average rate of 17 percent annually. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. 3 million tons of fiber and accounted for 52-54 percent of the world’s total production. 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. World textile and apparel industry 2 1. With more than $30 billion in these exports annually, the sector contributes significantly to the country’s economy. 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. 2. 5 per cent to $1. Primarily as the result of the growth of this industry, it is estimated that approximately 100,000 Vietnamese have HIV/AIDS. 26 ***** 34 More Columns Available along with Company Name and Other Details etc. 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. 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. Nov 08, 2017 · Call me biased, but I say with conviction that Vietnam is the most unique and authentic country in South-East Asia. -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. Ltd. Thanks to the FDI influence, such businesses brought $2 billion into Vietnam to the garment sector in 2015. 07 billion in textile and clothing exports in 2016, but it also spent $2. 5%), Japan (10. highly productive in terms of making yarn and final products, but stunted in the production of fabric and other materials. 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. But it is still very labour-intensive, and Vietnam is gradually losing its comparative advantage to other developing countries, such as Cambodia and Bangladesh. 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. 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. Distinguished Exhibitors and Visitors, Although the domestic (Vietnam) epidemic situation has been stabilized, the government has not left the ban on gatherings yet. 31/Mar/2020: 28092092 VIETNAM TEXTILE AND APPAREL INDUSTRY. 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. 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%. 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. 49% compared to the same period of last year. 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. Mar 17, 2017 · Vietnam’s Top Textile Manufacturers. 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 billion in 2019. 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. Global textile and apparel value chain 4 3. S and EU 28 contributing 47% and 14% of total Vietnam’s textile and garment export in 2017 respectively. 74 billion) by end 2019 — which would propel the nation into the ranks of the top three exporters of textiles and garments worldwide. This data can have used for trend analysis, customer behavior analysis, forecasting etc. Export value reduced by about 6 per cent to $8. 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 Cotton 13 3. Statistics for textile and apparel management deals with the fundamental principles of statistical methods and their applications in textile production. 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. Access new updated reports and statistics for the Textile Industry in Vietnam. 2 billion worth, just below China and India. 5 million workers, growth rate of 14% annually. 88%. Employment in the garment industry is particularly important in The rate for items such as sheets and pillowcases was 16. The EU is the second largest market for Vietnam's textile and apparel industry, accounting for 16. 3 million and Indonesia over 3. 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. Get textile industry under HS Code 84 import shipment data of Vietnam covers value, quantity, unit, foreign country, import company name etc. 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. 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. This section provides information relating to employment in textile product mills. 251) ranked number one. 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. 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. 5% in 2019-2020. The 10 largest export categories in first 11 months of 2018. 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 textile and apparel industries contribute significantly towards the national economy of many countries (Jones, 2006; Dicken, 2003). Main modes of production 8 3. 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. The policy covers the Jul 30, 2016 · One area that would benefit from structural reform is the textile and garment industry (T&G). Vietnam’s renaissance in manufacturing while other countries are seeing a slowdown goes beyond China and its role as a push factor. 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. hanoi , hoan kiem vietnam. Textile industry generates and creates various sources of data. According to statistics from the Ministry of Industry and Trade (MoIT), the export turnover of the industry declined by 9. Specialization is measured using RCA, an index that takes the ratio between Vietnam observed and expected exports in each product. 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. Foreign companies are turning to STATISTICS Textiles and Clothing. Overview of the global textile and apparel industry 2 2. As the only textile & garment industry expo approved by UFI, this expo held concurrently with the Vietnam Fabric & Garment Accessories Expo. In 2003, garment exports, valued at US$115 million, accounted for approximately a third of total exports, second to electricity. The textile and clothing industry employs around 2. In 2015, workers in textile and apparel sector makes up quite high, about 25% of total workers in manufacturing industry in Vietnam. China consistently remains by far the largest US clothing supplier, with imports three times as high as nearest rival Vietnam, and the same as the remaining nine largest supplier countries combined. The fibre is the basis of the yarns and fabrics which end up as, amongst others, clothing and household articles in consumers' everyday life. 8 Economic Impact It is estimated anywhere between 20 million and 60 million people are employed in the textile industry worldwide. Minimum wages for garment workers in the country varies from US$ 180 to 220. New Textile jobs added daily. 9 87. 3 percent) in 2018 to reach $12. Excluding raw cotton and wool, two thirds of U. The value of U. 08 billion. It is the main source of manufacturing employment and exports; • Mauritius diversified from sugar into textile and clothing in the 1980s and subsequently into tourism and other services. 8), and Telephones (11. 9 billion. Despite mounting challenges from the Covid-19 pandemic, new free trade agreements, including the recently-signed RCEP, along with local firms’ own efforts in a new circumstance, are opening Vietnam had a total export of 215,118,607 in thousands of US$ and total imports of 213,215,299. 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. , representing a 1. 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. Majority of the unemployment will be seen amongst the workforce just entering the market. The textile industry of Indonesia is labor intensive and fast growing textile market in present times. Aug 22, 2019 · Since our establishment 20 years ago, both VITAS and Vietnam textile and garment industry have come a long way. The RCEP with flexible rule of origins is seen as a plus point for Vietnam’s textile industry to further penetrate potential markets. Aug 07, 2020 · In the past five years, the textile industry has continuously grown at an average rate of 17 percent annually. Currently, the industry comprises ninety-six factories and employs more than 25,000 workers. 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. 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. The world textile industry is deeply affected by macroeconomic fluctuations. Currently there are about 6,000 textile and apparel manufacturing running in Vietnam with over 2 million employees working in the industry. In countries like Bangladesh, India, and China, the industry has served as a stepping stone to development. These data are obtained from employer or establishment surveys. Textiles and clothing comprise ISIC division 32. 8 billion in 2019. 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. T&G is Vietnam’s largest industrial employer with more than 2. Get the latest trends and understand the impact of the crisis on the market. 8 193,3 50. The United States is Vietnam’s top export market (around 40%), followed by the EU (around 12. 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. 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. This was 8 percent of all MSW landfilled. To compare: in 2000 only 20 million people were employed in the industry. lawyer-vietnam. In 2010, it was valued at US$11. At this time of last year, Vietnamese textile firms were flooded with pre-orders even for the first half of the following year. 2 billion to USD 33. vietnam textile industry statistics

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