To sustain their growth, Vietnamese textile and garment firms should pay more attention to technologies and their value chains, a conference on textile value chains heard on April 12.
Economist Trần Du Lịch said Vietnam is one of the top five garment and textile exporters, and is likely to increase its exports by US$4 billion this year to $35 billion. Lê Quốc Ân, former president of the Vietnam Textile and Apparel Association, said Vietnam has a young workforce with 65 per cent of the population being younger than 50, and so workers find it easier to adapt to new technologies. Vietnam also has free trade agreements (FTAs) with many countries, and is currently negotiating with more, which increases the competitiveness of its products overseas, he said.
However, its productivity is relatively low compared to countries such as Malaysia and China since it still mostly relies on the inefficient cut-make-trim model, and textile firms rely on their customers to provide the fabric, designs and specifications and they provide only the labour and bring little added value, he said. They should adopt advanced technologies and techniques to move away from simple manual work and add more value such as integrating technology 4.0 in their research, production and marketing, he said. “Improving our value chain is one of the best ways to keep our textile and garment industry growing, especially as machines are very likely to replace human labour in the next 10 years.” Businesses should also allocate resources to training workers to adopt these technologies, he said.
Phạm Xuân Hồng, chairman of the HCM City Association of Garment, Textile, Embroidery and Knitting, said the Government should support the development of the industry by continuing to sign FTAs and easing procedures to enable foreign firms to invest in Vietnam and bring newer technologies.
Source: Vietnam News