Garment-textile sector urged to shift focus to domestic market
![]() |
Many textile and garment enterprises are transforming production |
Plummeting export market
Le Tien Truong, General Director of the Vietnam National Textile and Garment Group (VINATEX), said that in the first half of this year, textile and garment enterprises maintained trade levels and greatly increased exports of medical masks and personal protective equipment (PPE).
However, the PPE demand is expected to shrink to its normal level from September 2020 on due to massive production of these products that has created a glut.
“In the first six months of 2020, textile and garment production in Vietnam was maintained, while that in China and Bangladesh was halted due to social distancing. This has led to an expanding market share for Vietnamese textiles and garments in the US and the EU. However, the competition in maintaining and expanding the market share will be tougher in the coming time,” Truong said.
The declining exports, drop in prices, payment delays and cash flow pressure are expected to challenge enterprises in the sector.
Domestic market
Truong said the demand for basic products will still be high, and enterprises should accept flexible production plans to earn revenue, create jobs and satisfy domestic demand although it accounts for only 10 percent of the industry’s production capacity.
Nguyen Van Mieng, General Director of the Nam Dinh Textile and Garment Joint Stock Company, said the company has transformed its operations, expanding its market to northern provinces, targeting new products, taking advantage of dyed fabrics, and improving the fabric-knitting-dyeing chain connectivity.
Many other textile and garment enterprises have been transforming production and product structures to maintain growth and await new opportunities.
According to the Ministry of Industry and Trade, textile and garment export value is expected to increase in the last months of the year due to the high demand for products for Christmas and the Solar and Lunar New Year holidays. The EU-Vietnam Free Trade Agreement (EVFTA) is expected to help textile and garment exports flourish. |
See also

State enterprises bolster Vietnamese goods chain
06:00 | 12/09/2022 Domestic market

Post-pandemic retail market recovers strongly
06:00 | 10/08/2022 Domestic market

Mekong Delta provinces seek domestic markets for their produce
06:00 | 20/03/2022 Domestic market

Domestic market fosters economic growth amid pandemic
06:00 | 24/02/2022 Domestic market
See more news

Covid-19 prompts greater focus on developing domestic markets
09:03 | 07/04/2020 Domestic market

Garment, footwear exports aim to reach US$80 billion by 2025
07:00 | 02/02/2023 Major exports

Vietnam pursues green foreign trade
06:00 | 02/02/2023 Foreign trade

Hanoi eyes 950 firms in support industries this year
06:00 | 02/02/2023 Support industries

Deputy FM highlights role of economic diplomacy in service of national development
11:05 | 01/02/2023 Policy

73rd anniversary of Việt Nam-Russia diplomatic ties marked
11:00 | 01/02/2023 Vietnam and EU
Multimedia

Vietnam plans to attract Chinese tourists
07:00 | 01/02/2023 Tourism

Dutch diplomat donates Vietnamese paintings to national museum
06:00 | 01/02/2023 Lifestyle

Key missions, solutions to socio-economic development in 2023
07:00 | 01/02/2023 Infographic

Cuc Phuong National Park among leading national parks in Asia
09:50 | 31/01/2023 Infographic

Tet impressive in foreign ambassadors' eyes
14:49 | 30/01/2023 Lifestyle

Deputy FM highlights role of economic diplomacy in service of national development
11:05 | 01/02/2023 Policy

Việt Nam supports expansion of UN Security Council
06:00 | 30/01/2023 Policy

Prime Minister assigns tasks to Deputy Prime Ministers
07:00 | 17/01/2023 Policy

Taking advantage of growth opportunities: Party leader
09:18 | 04/01/2023 Policy

Hanoi eyes 950 firms in support industries this year
06:00 | 02/02/2023 Support industries

Vietnam to reduce environmental impact of textile-garment industry by 2030
06:00 | 01/02/2023 Industry

Binh Lieu mountain region powers up
06:00 | 28/01/2023 Province

Steel industry to gradually recover in 2023
15:48 | 27/01/2023 Industry

January FDI nears US$1.7 billion
14:46 | 31/01/2023 FDI

Viet Nam calls for more investment in green growth
16:52 | 22/01/2023 FDI

Hanoi attracts nearly US$1.7 billion in FDI in 2022
17:43 | 03/01/2023 Metropolis

FDI disbursement exceeds US$20 billion
06:00 | 01/01/2023 FDI

State-owned banks under capital increase pressure
10:52 | 01/02/2023 Finance-Banking

Positive prospects for Vietnam’s stock market this year
14:48 | 31/01/2023 Stock Market

Positive 2023 securities market forecasts
06:00 | 20/01/2023 Stock Market

Banking sector stable, but challenges abound
06:00 | 16/01/2023 Finance-Banking

Vietnam looks ahead to 2023 climate summit
06:00 | 25/12/2022 Environment

Preserving nature, facilitating business
06:00 | 10/12/2022 Environment

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather
11:40 | 24/11/2022 Environment

JTI Vietnam commits to net zero greenhouse gas emissions
16:25 | 15/11/2022 Environment

Managed security provides IT talent gap solution for businesses in SEA
16:34 | 30/01/2023 Information technology

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated
09:23 | 30/01/2023 Science - Technology

WHO to share mRNA vaccine technology with VietNam
09:14 | 30/01/2023 Science - Technology

Welcoming the year of digital data for Vietnam
16:57 | 22/01/2023 Digitalization

PM inspects national key transport projects
09:36 | 31/01/2023 Society

A great chance to invest in commercial property
10:46 | 30/01/2023 Property

Prime Minister launches New Year tree planting festival
15:36 | 27/01/2023 Society

Vietnamese celebrate Tet overseas
09:00 | 26/01/2023 Society

Nestlé Vietnam and the journey to sustainable development
13:00 | 10/01/2023 Companies

VIMC embarks on strong recovery
06:00 | 10/01/2023 Companies

MM Mega Market launches a new modern Giá tốt business model
16:18 | 30/12/2022 Vietnamese Brands

PVCFC develops experts’ system
08:00 | 25/12/2022 Vietnamese Brands

Dutch diplomat donates Vietnamese paintings to national museum
06:00 | 01/02/2023 Lifestyle

Tet impressive in foreign ambassadors' eyes
14:49 | 30/01/2023 Lifestyle

Norwegian Ambassador experiences Vietnamese Tet traditions
06:00 | 28/01/2023 Lifestyle

Chau Ma brocade lives on
06:00 | 27/01/2023 Lifestyle

Vietnam plans to attract Chinese tourists
07:00 | 01/02/2023 Tourism

The lure of Pu Luong
06:00 | 31/01/2023 Entertainment

Tourism is back, big time
06:00 | 30/01/2023 Tourism

Trang A Chu’s unique homestay
06:00 | 29/01/2023 Entertainment