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Report: Vietnam textile and garment: The impact of Covid-19 and beyond

03/07/2020    484

Date: June 2020

By: Mekong - China Strategic Studies Program (MCSS)

Textile industry is one of the important economic sectors in Vietnam. With 2.6 million employees, the industry is currently dealing with nearly 5% of the country's total labor force and contributes 12.4% to Vietnam's total exports in 2019. In the context that economies around the world are facing many difficulties and challenges by the Covid-19 pandemic, Vietnam in general and the textile industry in particular are not an exception.

The authors of this report conducted a review of the current situation of Vietnam's textile industry, identifying and diagnosing its weaknesses, thereby assessing the impact of the Covid-19 pandemic on industry achievements in 2020 and in the future. The report reviews the overall range of data sources to make policy recommendations for Vietnam's textile and apparel industry in a broader framework, involving new institutions and innovations, opportunities and challenges that free trade agreement brings, especially in relation to supply chains and technology created for the industry.

Hopefully, with this report, Vietnamese enterprises will have an overview of the challenges of the textile and apparel industry at the present time, and have more suitable policies in the future to overcome difficulties and develop strengths as well as make the most use of free trade agreements to sustainably develop this key industry.

The Report (in English and Vietnamese) is attached below

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