Nowadays, Vietnam integrates more and more deeply into the world economy that brings lots of opportunities to expand the market for Vietnam textile and garment.
1. The export markets of Vietnam Textile and Apparel
The export markets of Vietnam Textile and Apparel are about 180 countries, in which the United States is the biggest export market of Vietnam (account for 42%), the second is the EU (account for about 21.5%), the third is Japan (account for 19.5%), the fourth is Korea (account for 14%). The rests are the Middle East countries which one of the new export markets of Vietnam’s textile and garment industry.
The export markets of Vietnam Textile and Apparel are about 180 countries. Image source: Global Apparel Forum
Expand and develop the export markets
On 30th June 2018, in Hanoi, The European Union – Vietnam Free Trade Agreement (EVFTA) was signed. The Trade Agreement created lots of changes and challenges for Vietnam’s textiles and garments field.
Trading with the EU and Vietnam
Vietnam and the EU have committed to liberalizing all tariffs in a timeframe. The most important point is a seven-year timeline for Vietnam’s textile and footwear products.
This is a favorable opportunity for the Vietnam textile industry because the EU is a large market and the world’s top market for textile and apparel import.
In spite of the EU is also the second-largest market of Vietnam textiles export, it is a market has applied the criteria for evaluating import product quality very strictly such as ISO 9000 and ISO 14000.
Therefore, to enhance competitive strength, Vietnam needs to invest better in various designs, materials and quality for its products.
>>> See another article: Overview of Vietnam’s Garment and Textile Industry Nowadays
2. Vietnam textile and apparel compete with foreign rivals
In the world market, export products of Vietnam textile and apparel were always encountered strongly compete with foreign rivals such as China, India, Indonesia, Pakistan, Bangladesh, Myanmar, Campuchia…
Export products of Vietnam textile and apparel were always encountered strongly compete with foreign rivals. Image source: hoinhap.org.vn
As a result, Vietnam textile enterprises have to invest, improve their capacity, apply advanced technical technology or find a way to more proactive in raw materials to compete with products from other countries.
3. Contact to recruitment consultant agency in the garment and textile industry
Advisewise Consulting Group’s consultant team trained professionally and have a deep understanding of the Garment and Textile field perform advisory services, especially recruiting services at the Intermediate/ Senior Personnel level. With our services, candidates have the opportunity to come closer to attractive vacancies such as Merchandiser, Production Manager, QA / QC, Designer, Pattern Marking, …
You are a candidate and looking for a better job? Do not hesitate to contact us at the below information:
Advisewise Consulting Group
Add: 14th Floor, Nam Cuong Building, Km4 To Huu street, Ha Dong district, Hanoi
Hotline: 024 3204 7050
Email: contact@advisewise.com.vn
Website: https://www.advisewise.com.vn/
Fanpage: AdvisewiseFanpage
