Vietnam produced over 2.5 mn tonnes of yarn in 2019, of which over 1.5 mn tonnes valued at $4 bn were exported, according to Vietnam Textile and Apparel Association (VITAS) Vice President Truong Van Cam, who said fabric output also rose six times and export value was worth $2.1 bn. The sector is expected to make breakthroughs this year, he said.
The Fourth Industrial Revolution, free trade agreements (FTA) that will take effect in 2020 and the penetration of international brands like Zara, H&M and Mango will also favour the industry’s growth, according to a report.
The sector has made significant progress, especially in yarn and dyeing, through IT applications, as reflected in improved productivity, accelerated production and reduced labour force.
Duc Quan Investment and Development JSC in the Northern Province of Thai Binh have doubled its yarn output to 17,000 tonnes per year through the application of big data in production and management. Garment 10 Corporation JSC has also used online business management software DIP BMS.NET to better monitor transactions of distribution chains.
Members of the Vietnam National Textile and Garment Group (Vinatex) such as Hoa Tho Textile-Garment Joint Stock Corporation, Viettien General Garment JSC and Nha Be Joint Stock Corporation have joined the trend as well.
Optimising the achievements of the Fourth Industrial Revolution has become an inevitable trend. However, this has met with a range of difficulties, especially a severe shortage of labourers who can use the new equipment.
The Prime Minister has also agreed to upgrade the Hanoi Industrial College for Textile, Garment and Fashion to the Hanoi Industrial Textile Garment University, creating a major personnel training channel for the sector.
