>> Vietnamese exports recover but still face challenges
>> Germany supports Vietnamese textile industry in its green transition
| The textile-clothing sector sets an export target of 44 billion USD in 2024. |
| Photo : VNA/CVN |
This is the opinion of experts and companies put forward at the recent global launch ceremony of Jack Technology’s Arus overlocker in Ho Chi Minh City.
Vu Duc Giang, Chairman of the Vietnam Textile-Garment Association (Vitas), said that since the beginning of the year, the textile market has tended to grow more positively than in 2023. The sector sets an export target of USD 44 billion in 2024. As of the end of May 2024, exports have earned more than USD 15.8 billion, an increase of 4.3% year-on-year. Vietnam’s textile-garment industry has flourished because most major markets such as the US and Europe have controlled inflation, helping to increase purchasing power. In addition, Vietnamese companies have recently been proactively diversifying their markets and customers.
Nguyen Thi Tuyet Mai, Deputy Secretary General of Vitas, said that companies have orders until the end of the third quarter or even until the end of 2024. However, they are also facing many new challenges. Consumers tend to buy online and their product needs are increasingly diverse. In markets such as the EU and the US, requirements for green and sustainable production, in all stages such as raw materials, labor, equipment, energy and transportation, are all legislated and implemented synchronously.
Growing pressure on its workforce
At the same time, the sector is facing increasing pressure on its workforce. Specifically, companies are currently short of around 500,000 workers, including skilled workers, managers and product designers…
| Currently, several companies were facing labor difficulties. |
| Photo : VNA/CVN |
Tran Chi Gia, director of Meko Joint Stock Company, said his company was facing labor challenges. It is difficult to recruit young workers to replace older ones who have gradually reduced their productivity and labor costs for the product have increased.
Nguyên Tich Tuong, founder of Jack Technology, stressed that for about a year, “pression” et “innovation” are two popular words used in many professions.
“The recent shift in textile production from one country to another is not simply a geographic or labor shift, but also a choice of production technology by customers. Therefore, companies that wishing to move forward and actively participate in new supply chains must prioritize improving technologies to improve their productivity, the quality of their products and minimize their production costs”he shared.
VNA/CVN
