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Vietnam PM urges garment, footwear sectors to build brands and promote supply chain linkages

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vietnampmPrime Minister Nguyen Xuan Phuc asked the garment-textile and footwear sectors to promote the building of Vietnamese brands and supply chain linkages and develop supporting industries during a working session with the sectors’ representatives in Hanoi

Hailing their achievements, he said that the textile-garment and footwear industries play an important role, employing a huge number of workers, up to 4.3 million. Their exports account for a large proportion of the total national export turnover. In 2019, these two industries exported products worth 62 billion USD, equivalent to 24 percent of the country’s total.

He urged industries to implement changes to enhance the efficacy of corporate governance in the current situation and to facilitate digital transformation in the management and operating of textile undertakings, thus allowing them to make effective use of free trade agreements, including the newly concluded Agreement on the Regional Comprehensive Economic Partnership (RCEP). The Leader of the Government also acknowledged the need for “green growth” in the production of the textile and apparel industry, the application of a circular economy and continued labor-value-raising automation. Vietnam’s textile and apparel industry is expected to receive around USD 33.5-34 billion from exports this year according to the Vietnam National Textile and Garment Group.