Home / Knowledge / News / Apparel/Garments / VITAS urges garment makers to review strategies

VITAS urges garment makers to review strategies

20
Apr '12
The Vietnam Textile and Apparel Association (VITAS) has advised the country's textile and garment sector to review its strategies, so as to realise its growth targets for the 2010-15 period.

At a conference jointly held by EU-Vietnam Multilateral Trade Assistance Project (MUTRAP) and the Vietnam Chamber of Commerce and Industry, VITAS Deputy General Secretary, Nguyen Van Tuan said heavy reliance on imported raw materials is the biggest challenge faced by the industry.

Under the existing plan, the industry needs to achieve a growth rate of 25 percent and an overall turnover of US$ 25 billion, to achieve its growth target for the current year. Exports are expected to contribute around US$ 19 billion of this turnover, Mr. Tuan said.

Vietnamese apparel industry is expected to achieve a 25 percent growth during 2013 and 15 percent during 2014 and 2015. The turnover during these years is expected to touch US$ 31.25 billion, US$ 36.94 billion and US$ 42.48 billion, respectively.

In spite of the impressive growth rate, Vietnamese clothing industry needs to import a considerable part of its raw material requirement.

Domestic resources supply only 0.75 percent or 3,000 tons, of the industry's overall requirement of 400,000 tons per annum of natural cotton.

Similarly, for artificial fibres, domestic sources supply only 120,000 tons, against the overall demand of around 400,000 tons.

Vietnamese textile industry relies on imports even for sourcing all its equipments and parts requirements.

Last year, the apparel sector enterprises imported 5.2 billion metres of fabric, against its total requirement of 6 billion metres.

Besides, garment enterprises also import 75 percent of the accessories they use.

The Vietnamese textile and apparel industry houses around 4,000 enterprises, including 650 foreign invested enterprises. While domestic enterprises adhere to the Cut/Make/Trim (CMT) method, majority of the foreign-invested enterprises use original branding manufacturing (OBM) or Original Designing Manufacturing (ODM).

Obsolete production machinery, poor management ability, lack of skilled workers and volatile financial conditions are some other factors obstructing the growth of Vietnamese clothing sector, Mr. Tuan noted.

To tap its optimum potential, Vietnamese apparel industry should try to improve its distribution network and develop brand identity for products, he suggested.

To reduce reliance on imported raw materials, apparel enterprises in Vietnam should raise their investment in production of raw inputs and accessories, including artificial fibre, natural cotton and dyeing, he added.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 21st Feb 2020

France unveils environment score system for apparel

France has launched a system under which apparel may now display a...

Pic: Asia Pacific Rayon

Textiles | On 21st Feb 2020

APR’s new viscose rayon production facility inaugurated

The president of Indonesia, Joko Widodo, has inaugurated Indonesia's...

Pic: II.studio / Shutterstock.com

Fashion | On 21st Feb 2020

Re-commerce gaining momentum in India

The hazards of fashion industry are well-known, and to curb its...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Textile industry, Head honchos

Textile industry
Head honchos

GenNext is slowly but surely adapting to global trends and practices

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Ian Burn,

Ian Burn

Camira's expertise goes from farm to fabric and everything in between. The ...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search