On March 16th, the Vietnam Textile and Apparel Association (Vitas) announced that it has just coordinated with CSP Company to organize a seminar titled “Style 3D Digital Solution for the Garment Industry” with the participation of designers and relevant enterprises.
Vice Chairman of Vitas Truong Van Cam spoke at the seminar.
Speaking at the seminar, Vice Chairman and General Secretary Truong Van Cam of Vitas stated that by 2030, Vietnam’s textile and garment industry aims to achieve an export turnover of $68-70 billion. To reach this goal requires great efforts from enterprises in investing in modern equipment, especially in researching and applying scientific and technological advances, as well as solutions to address the industry’s weaknesses to boost production.
In addition to being proactive in sourcing raw and auxiliary materials, establishing concentrated textile and garment industrial parks and zones, and setting up modern fashion centers, the application of modern solutions such as the Style3D digital solution will help create, edit, and perfect design ideas in a short time, reducing difficulties in design.
Thereby gradually increasing product value, enhancing competitiveness in the market, and working towards the goal of providing branded products for both domestic and export markets.
According to Mr. Truong Van Cam, Vietnam’s textile and garment industry has developed rapidly in a short period, emerging as one of Vietnam’s key export industries.
Looking back since Vietnam signed the Vietnam-US Trade Agreement, which took effect in 2001, Vietnam’s textile and garment export turnover was only $1.96 billion. By 2022, it reached over $44 billion – a significant figure. Thus, over more than 20 years, textile and garment export turnover has increased 22.6 times, demonstrating the industry’s robust growth.
Currently, over 85% of the industry’s production capacity is for exports, so it is increasingly facing many challenges from competitors such as China, Bangladesh, India, etc.
Moreover, when exporting, fluctuations in the global market affect the textile and garment industry. For instance, before the Covid-19 pandemic, textile and garment export turnover reached $39 billion but fell to $35 billion in 2020. Or due to the Russia-Ukraine conflict, textile and garment exports in 2023 decreased by nearly 11% compared to 2022.
Aside from challenges, enterprises need to seize opportunities as Vietnam is participating in 16 new-generation free trade agreements (FTAs) that are in effect, such as the CPTPP, EVFTA, etc., and is in the process of reducing tariffs to 0%.
“This is a great opportunity if enterprises are proactive in sourcing raw and auxiliary materials, boosting research, design, etc., thereby increasing efficiency and competitiveness by taking full advantage of the benefits brought by these FTAs,” Mr. Truong Van Cam emphasized.
Nhandan.vn
