Prospects for the Textile and Clothing Industry in Vietnam, 2017

  • ID: 4316226
  • Report
  • Region: Vietnam
  • 46 pages
  • Textiles Intelligence Ltd.
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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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SUMMARY

IMPORTANCE OF THE TEXTILE AND CLOTHING INDUSTRY TO THE ECONOMY OF VIETNAM

DEVELOPMENT OF THE TEXTILE AND CLOTHING INDUSTRY IN VIETNAM

VIETNAM: GEOGRAPHICAL, POLITICAL AND ECONOMIC PROFILE
Geographical profile
Political profile
Economic profile

VIETNAM: INFRASTRUCTURE
Roads
Railways
Airports
Seaports
Telecommunications

VIETNAM: HUMAN RESOURCES

SIZE AND STRUCTURE OF THE TEXTILE AND CLOTHING INDUSTRY IN VIETNAM
Investment in machinery

VIETNAM: TEXTILE AND CLOTHING PRODUCTION AND CONSUMPTION
Fibre production
Fibre consumption
Yarn production
Fabric production
Clothing production

VIETNAM: TEXTILE AND CLOTHING EXPORTS
Textile and clothing exports by destination
Exports of yarn by destination

VIETNAM: TEXTILE AND CLOTHING IMPORTS
Imports of cotton by supplying country

TEXTILES AND CLOTHING IN VIETNAM: FOREIGN DIRECT INVESTMENT (FDI)

TEXTILES AND CLOTHING IN VIETNAM: GOVERNMENT POLICIES AND INVESTMENT INCENTIVES
Government policies and agencies
Investment incentives
Import duties
Foreign contractor tax
Relief from tax
Investment guarantees
Free trade agreements (FTAs) and other agreements

TEXTILES AND CLOTHING IN VIETNAM: STRENGTHS, WEAKNESSES, OPPORTUNITIES AND THREATS
Strengths
Weaknesses
Opportunities
Threats

List of tables
Table 1: Vietnam: political and economic profile, 2017
Table 2: Vietnam: economic indicators, 2013-16
Table 3: Vietnam: textile and clothing production, 2009-15
Table 4: Vietnam: mill fibre consumption per head, 2010-15
Table 5: Vietnam: textile and clothing exports, 2009-16
Table 6: Vietnam: textile and clothing exports by leading destination, 2010-16
Table 7: Vietnam: exports of yarn by leading destination, 2013-16
Table 8: Vietnam: textile and clothing imports by product, 2009-16
Table 9: Vietnam: imports of raw cotton by leading supplying country, 2010-16
Table 10: Vietnam: principal sources of foreign direct investment (FDI), 2016

List of maps
Map of Vietnam

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