Seminar examines ways to promote textile firms’ effectiveness

VOV.VN - Solutions aimed at improving the management efficiency of textile enterprises in a new context took centre stage at a seminar held on August 16 in Hanoi.

Organized by the Hanoi Promotion Agency (HPA), the seminar has been designed in order to promote the connectivity and effectiveness of production and business activities undertaken by enterprises in the sector.

Apparel exports reached US$22.3 billion during the first half of this year, up 17.7% on-year. In line with this, the trade surplus was estimated to betUS$8.86 billion in the reviewed period, representing an annual increase of 32%.

This can largely be put down to the great efforts undertaken by textile and garment enterprises in the context that the global economy still faces many difficulties, said Le Tu Luc, deputy director of the HPA .

Participants noted that it can be considered necessary for the textile and garment industry to swiftly adopt solutions aimed at attracting greater investment, especially for projects that make use of environmental-friendly materials.

Furthermore, the management capacity and human resources for textile firms should simultaneously be intensified, they said, adding that it remains essential for enterprises to promote their brands, market fresh products, and diversify the supply of raw materials and export markets.

Nguyen Anh Tuan, deputy head of the Foreign Investment Agency under the Ministry of Planning and Investment, said joining free trade agreements (FTAs) will serve to open up new opportunities, as well as posing challenges to the Vietnamese textile and garment industry.

He also assessed that due to a lack of connection within the industry. Fabrics produced domestically can only meet roughly 50% of the demand, thereby causing the nation to import materials worth more than US$10 billion each year. 

It is therefore essential for textile firms to establish a value chain because new-generation FTAs set requirements based on rules of origin, yarns, and fabrics, all of which must be produced in Vietnam or in FTA countries to enjoy tax incentives, Tuan added.