Prospects for the textile and clothing industry in Vietnam, 2017

46 pages, published in Issue 186, June 2017   Report price: Euro 635.00; US$ 835.00

This report looks at the development of the textile and clothing industry in Vietnam, its size and structure, and production and consumption. The report also features: a geographical, political and economic profile; a detailed look at the country's imports and exports; a review of government policies, investment incentives and foreign investments; an analysis of strengths, weaknesses, opportunities and threats (SWOT); and an overview of Vietnam's infrastructure and human resources and how these affect the textile and clothing industry. Vietnam's textile and clothing exports have risen sharply in recent years. Indeed, between 2010 and 2016 they increased by over 150%—making Vietnam the world's fifth largest exporter of textiles and clothing. The textile and clothing industry is Vietnam's principal source of foreign exchange earnings, and represents Vietnam's predominant manufacturing activity. Consequently, the Vietnamese government places a high priority on the textile and clothing industry by providing strong support and measures to encourage investment. Looking ahead, the government is keen to build on the success of the Vietnamese textile and clothing industry, and has established a number of ambitious targets as it pursues an economic policy aimed at endowing Vietnam with developed nation status by 2020. For its part, the industry plans to shift the emphasis of export production from mostly commodity type products towards the manufacture of high added value fashion items.

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