Published on in “Business”, language — English. 40 pages.
Vietnam is bound to witness a phenomenal growth in the garment and textile industry in 2019, and may also prove to be a game changer for this industry, say industry experts. The sector recorded export of US $ 36 billion in 2018, an impressive increase of 16% compared to that in 2017, with apparels alone accounting for US $ 28.7 billion, a rise of 14.4%. Meanwhile, Fast React, the global leader for their supply chain production planning tools, is gaining popularity in Vietnam. More
The garment sector has always been one of the most significant contributors to Vietnam’s fast growing export-oriented economy – representing more than 15 per cent of the nation’s total GDP and 18 per cent of its exports. In spite of the data provided by the General Department of Vietnam Customs favouring exports of computers, electronic products and components by US $ 8.4 billion by May 2017, over US $ 5.6 billion last year, Vietnam’s garment business is fully geared to overcome the challenge. More