Vietnam Textile And Garment Industry Analysis & Forecast 2025

NAVI MUMBAI, India - Feb. 24, 2020 - PRLog -- VIETNAM TEXTILE & GARMENT INDUSTRY
The world Textile Industry (https://www.bharatbook.com/marketreports/vietnam-textile-and-garment-industry-standard-report-q4-2019/1994182) is deeply influenced by macroeconomic fluctuations. China is the largest textile production factory in the world with the complete supply chain and the advantages of cheap machinery as well as workers. In 2018, the global textile turnover scale was estimated at $1,438.6 million.
Textile industry is one of the most spearheaded industries in Vietnam, the industry has the second largest export turnover with export value contributing from 10-15% to GDP. In recent years, the textile industry has continuously evolved at an average rate of 17% a year.

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In the quarter 3/2019, the production of fibrous fibers increased by about XX. x% over the same period 2017, in which the production output of synthetic fibers and natural fibers accounted for nearly x0%. Estimated consumption yield increased by about XX. xx% in 2017.

In the quarter 3/2019, production of apparel growth X. x% over the same period in 2018 due to the export of positive growth from export orders to many major countries such as the US, Japan, South Korea to rise. Export Quarter Textiles 4/2019 up xx. x% compared to the same period 2018.

The prediction of Vietnam's textile export turnover can touch US $ xx-XX billion in 2025 thanks to the FTA. In parallel with that, Viet Nam is also faced with little difficulties and challenges to comply with the rules of origin, labor standards, strict requirements for social responsibility, ecological label, environmental protection...

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