Illustrative image (Source: VNA) HCM City (VNA) - Vietnam’s textile and garment sector is hoped to make breakthroughs in 2019 based on successes and momentum last year. According to the Vietnam Textile and Apparel Association (VITAS), 2018 was a successful year for the textile and garment industry with a total export turnover of over 36 billion USD, up over 16 percent year-on-year, making Vietnam one of the three biggest exporters of textiles and garments in the world. VITAS Chairman Vu Duc Giang said last year, the world saw complicated developments, rising trade disputes and scientific-technological advances. In that context, the association proposed many measures to the Government, and relevant ministries and sectors to remove policies that cause difficulties for businesses operating in this field, he said. With the results achieved in 2018, Vietnamese textile firms have witnessed positive signals for orders in 2019. Many businesses have already received orders for the … [Read more...] about Vietnam’s textile-garment industry hopes for breakthroughs in 2019
Textile industry industrial revolution
2019 will be a challenging year for Vietnam’s textile and garment industry. (Photo: VNA) Hanoi (VNA) – 2019 will be a challenging year for Vietnam’s textile and garment industry as it needs to obtain 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. The information was heard at the seminar “Prospects for textile and garment export in 2019” held in Hanoi on September 20 as part of the Vietnam Hanoi Textile & Garment Industry Expo (HanoiTex) 2018. Experts said that Industry 4.0 will have huge impact on Vietnam’s sector, forcing it to shake up and make heavy investments in both equipment and human resources. Now, thorny problems for the garment and textile enterprises are not only number and value of orders and growth pace, but also … [Read more...] about Vietnam’s textile and garment industry faces tough seas in 2019
At the event (Source: VNA) Hanoi (VNA) – The Vietnam Hanoi Textile & Garment Industry Expo (HanoiTex) 2018 opened in the capital city on September 19, attracting nearly 120 exhibitors from 12 countries and territories. Co-hosted by the Hong Kong’s CP Exhibition Company and the Vietnam National Textile and Garment Group, the event lured firms from China, Germany, Japan, the Republic of Korea, Pakistan, China (Taiwan), Thailand and Vietnam on a site of over 6,000 sq.m. On display are patterned, dyed, high-tech and micro-fibre fabrics, anti-dry weaving materials, and machinery used in sewing, weaving, embroidery, dyeing chemicals and many other materials. Speaking at the opening ceremony, Deputy Minister of Industry and Trade Cao Quoc Hung said this year, the Vietnamese textile and garment sector shifts production from cut-make-trim (CMT) to free on board (FOB), original design manufacture (ODM) and original brand manufacture (OBM) with the aim of bringing … [Read more...] about Hanoi Textile & Garment Industry Expo 2018 opens
An automatic fabric cutting machine on display at the expo. - VNA/VNS Photo Trần ViệtViet Nam News HÀ NỘI — The Hà Nội Textile & Garment Industry – Fabric & Garment Accessories (Hanoitex 2018) opened on Wednesday in Hà Nội. The three-day expo co-organised by the Việt Nam National Textile and Garment Group (Vinatex) and CP Exhibition Hong Kong has attracted more than 100 companies and suppliers from 15 countries and territories such as China, Germany, Hong Kong, India, Indonesia, Korea, Italia, Taiwan and Malaysia. The expo is showcasing modern machinery, equipment, chemicals and the latest technologies in the textile and garment industry. Deputy Minister of Industry and Trade Cao Quốc Hưng said that the Fourth Industrial Revolution was having significant impacts on the textile and garment industry, and urged companies to make changes and invest in new technologies and staff. Hanoitex 2018 is an … [Read more...] about Textile, garment industry expo opens in Hà Nội
VietNamNet Bridge - Tran Anh Tuan, deputy director of the HCMC Center for Human Resources Forecasting and Labor Market Information, cited an ILO report as saying that the risk of losing jobs has increased in the 4.0 industrial revolution era. The risk of losing jobs has increased in the 4.0 industry revolution era Vietnam has been warned that 5 million jobs may be lost by 2020 as it has a 3.79/10 score for the quality of the labor force, ranked 11th out of 12 countries in Asia, and a 4.3/10 score in human resources competitiveness index. Other indicators for Vietnamese workers are also low. Only 20.3 percent of Vietnamese workers had training or degrees/certificates in 2015. Vietnamese are weak at soft skills, such as foreign language, IT, teamwork, communication, and professional ethics. The ILO report also pointed out that 86 percent of workers in the textile & garment industry in Vietnam, 64 percent in Indonesia and 88 percent in Cambodia will face the risk of … [Read more...] about Will 5 million jobs in Vietnam be lost in the 4.0 industrial revolution?