Từ khóa: #garment and textile industry

The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) open many opportunities to promote trade and investment between Vietnam and the European Union.

Prime Minister Nguyen Xuan Phuc said that garment and textile industry needs to give proper attention to domestic market with nearly 100 million people in which the middle class is increasing and is expected to account for 50 percent of population by 2030.

A recent survey by the research group of the Vietnam National Textile and Garment Group and institutes at more than 300 garment enterprises across the country showed that most of them have been keeping up fairly well with the 4th industrial revolution in stages, including reducing labor, supporting in executive decision making, increasing productivity and quality and cutting time and production costs.

With plentiful orders right at the beginning of this year, garment and textile industry set export target of US$40 billion for this year. However,  recently, orders have suddenly dropped drastically, concerning garment and textile enterprises.