Vietnam’s garment-textile expects boom in 2020

Vietnam’s garment-textile sector is expected to make breakthroughs in 2020 thanks to the Fourth Industrial Revolution.
Vietnam’s garment-textile expects boom in 2020 ảnh 1Illustrative image (Source: hanoimoi.com.vn)

Hanoi (VNA) –
Vietnam’s garment-textile sector isexpected to make breakthroughs in 2020 thanks to the Fourth IndustrialRevolution.

Other factors including free trade agreements (FTA) that will takeeffect in 2020 and the penetration of international brands like Zara, H&Mand Mango will also favour the industry’s growth.

The sector has made significant progress, especially in yarn anddyeing, through IT applications, as reflected in improved productivity, acceleratedproduction and reduced labour force.

According to Truong Van Cam, Vice President of the Vietnam Textileand Apparel Association, more than 2.5 million tonnes of yarn were churned out in2019, of which over 1.5 million tonnes valued at about 4 billion USD wereexported.

Fabric output also increased six times and export value clocked up2.1 billion USD, he added.

The Fourth Industrial Revolution’s impacts on production mindsetand methods are tangible. An example is Duc Quan Investment and Development JSCin the northern province of Thai Binh, which has doubled its yarn output to17,000 tonnes per year through the application of Big Data in production andmanagement.

Garment 10 Corporation JSC has also used online businessmanagement software DIP BMS.NET to better monitor transactions of distributionchains.

Members of the Vietnam National Textile and Garment Group (Vinatex)such as Hoa Tho Textile-Garment Joint Stock Corporation, Viettien GeneralGarment JSC and Nha Be Joint Stock Corporation have joined the trend.

Vinatex General Director Le Tien Truong said technologicalapplications offer workers stable jobs with higher incomes while helping thegroup double its profits.

Optimising the achievements of the Fourth Industrial Revolutionhas become an inevitable trend. However, this has met with a range ofdifficulties, especially a severe shortage of labourers who can use the newequipment.

Humans, particular technicians, play a key role in the process,said Vinatex Managing Director Cao Huu Chien, adding that the group hasmobilised different resources for personnel training.

The Prime Minister has also agreed to upgrade theHanoi Industrial College for Textile, Garment and Fashion to the Hanoi Industrial Textile GarmentUniversity, creating a major personnel training channel for the sector, hesaid./.
VNA

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