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Textile Outlook International
Issue 129:
May-June 2007

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Reports in this issue
Editorial: Smaller Textile and Clothing Suppliers Under Threat as EU Quotas on Imports from China Come to an End (4 pages)
Prospects for the textile and garment industry in Vietnam, May-June 2007 (39 pages)
Survey of the European Fabric Fairs for Spring/Summer 2008 (14 pages)
Denim fabric: global trade and leading players, May-June 2007 (24 pages)
Profile of Raymond: Growth Through Foreign Collaboration and Vertical Integration (22 pages)
Smart Fabrics and Intelligent Textiles in the UK: Seven Companies at the Forefront of Innovation

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Prospects for the textile and garment industry in Vietnam, May-June 2007

Buy 'Prospects for the textile and garment industry in Vietnam, May-June 2007' now 39 pages, published in Issue 129, May-June 2007  
Report price: Euro 600.00; US$ 785.00  

Vietnam’s textile and garment industry has developed rapidly in recent years and has become a vital activity within the country’s economy. In 2004 it employed 2.1 mn people directly, representing 4.7% of total employment within the country. The industry has a number of leading textile and garment enterprises. One of the largest is the state-owned Vinatex, which accounted for an estimated 22% of Vietnamese textile and garment exports in 2006. One of Vinatex’s affiliates, Viet Tien Garment Company, has invested more than US$10 mn during the past five years in order to upgrade its production lines. Most of this new equipment has been imported from Japan and Singapore.

Also, in 2006 the sector exported textiles and garments to the value of US$5.8 bn, making it Vietnam’s second largest export earner after crude oil. Buyers from a number of the world’s leading textile and apparel companies have sourced apparel from Vietnam including Express, Hucke, Itochu, JC Penney, Jupitar, Kmart, Kowa, Lee Cooper, Li & Fung, Mast Industries, Nichimen, Nissho Iwai, Otto, Sara Lee, Seidensticker, Sumitomo, Tomen, Tommy Hilfiger, Victoria’s Secret, and Wal-Mart.

Three major developments over the past 20 years have led to the industry’s present vibrancy. One was the introduction in 1986 of the so-called Doi Moi economic reforms which—notwithstanding the government’s communist leanings—gave encouragement to the private sector and allowed market forces to determine the allocation of resources. A second was the collapse of the Comecon (Council for Mutual Economic Cooperation) bloc in 1990-91 and that of the Soviet Union in 1991. These events caused initial hardship but prompted the country to forge links with the West and enter the international community. The third was the granting by the USA of normal trading relations (NTR) or most favoured nation (MFN) status in December 2001, which led to a dramatic reduction in import tariffs in the US market.

The future for the textile and garment industry in Vietnam looks promising. Vietnam joined the World Trade Organisation (WTO) at the beginning of 2007 and seems set to build upon its recent export success. Moreover, the Vietnamese government is highly supportive of the textile and garment sector, and there are strong incentives to attract foreign investment. The government has outlined ambitious plans for the industry’s development. If these plans are fulfilled, employment and exports in the sector will double by 2010.

Table of Contents  
Prospects for the Textile and Garment Industry in Vietnam
  • Summary
  • Development of the Textile and Garment Industry in Vietnam
  • Importance of the Textile and Garment Industry to the Vietnamese Economy and Future
  • Expansion Plans
  • Geographical, Political and Economic Profile
  • Infrastructure
  • Industrial Zones
  • Human Resources
  • Structure and Location of the Textile and Garment Industry in Vietnam
  • Textile and Garment Production
  • Production Technology and Machinery
  • Markets
  • Textile and Garment Exports and Imports
  • Foreign Investment
  • Government Policies and Investment Incentives
  • Competitiveness of the Textile and Garment Industry in Vietnam: Strengths, Weaknesses, Opportunities and Threats
  • Future Prospects
  • Directory of Selected Textile and Apparel Companies and Related Organisations in Vietnam

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Related Reports  
Product Overview   

Six times a year, Textile Outlook International provides up to 200 pages of expert comment and analysis. A subscription provides an overview of the global fibre, textile and apparel industries. It is essential reading for senior executives in the fibre, textile and apparel industries – and for anyone who is not involved in the industry, but needs to quickly gain an understanding of the key issues.
Reports in Textile Outlook International include:
 country profiles – providing a comprehensive guide to the textile and clothing industries in a range of countries and regions. The reports include an economic and political profile together with a comprehensive overview of the main issues, plus an outlook for the future.
 company profiles – giving you the opportunity to learn from strategies employed by others. Companies profiled recently include retailers, manufacturers, innovators and sourcing companies involved in textiles and apparel as well as smaller companies which illustrate the opportunities for firms which are interested in selected sourcing locations.
 trends in world textile and apparel trade and production – taking into account current issues facing the industry – such as global fibre prices; competition from China and other low cost countries; the elimination of quotas and imposition of selective new ones; relocation of production operations; the impact of economic factors affecting trade; international trade agreements; trade promotion agreements (TPAs); and much more.
 trends in EU and US imports of textiles and clothing – providing comprehensive statistical data and analysis of the top ten supplying countries to the EU and US markets. These reports are updated each year and contain value and volume data as well as average prices and analyses of trends for up to 15 product categories.
 innovations, technological developments, business development opportunities, individual sector analysis and political implications which affect players in the global fibre, textile and apparel industries. Some of the topics which have been covered in recent reports include: new innovations in the textile and clothing industry, such as environmentally friendly textiles, plant based fibres, and developments in textile colorants; innovations in textile machinery; and overviews of the European swimwear, hosiery and lingerie markets.
So whether you are involved in fibres, textiles or clothing – in manufacturing, spinning, weaving, knitting, sewing, import/export, retailing – or if you are in education or consultancy or investment or finance, a subscription to Textile Outlook International will tell you what you need to know about the key trends in the industry.
Textile Outlook International is available on subscription – either in printed format only, or in printed and electronic format. If you choose the printed only option, you will receive 6 printed publications a year, containing a total of 30 reports plus editorials written by Robin Anson, our editorial director and in-house industry expert.
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If you choose the printed and electronic option, you will receive an extra service. You will still receive each issue in printed format, delivered to you by traditional post.

In addition, you will be able to download PDF files containing the same information – but the PDF files will be available immediately on publication, so you don’t have to wait for the printing and mailing. You also have all the benefits of electronic files: instant access even when you are away from the office; convenient storage in your PC or laptop; portability; electronic search facility; and copy/paste facility.

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(Institute for East West Studies, Czech Republic)