Going by the way 2018 has been so far for denim in Vietnam, it will not be a surprise if the country surpasses the export figures of 2017 and becomes the denim leader…
9. “The unfortunate part is that
very few have invested in
laundry in Vietnam and most
of them still use outside
laundry,”
– SM Junaid Javed, Executive Chairman, SM Group
Negligible investment in laundry
10. Expensive labour in Vietnam
In Vietnam, the minimum wage is, on
average, US $ 165 while it is just US $
68 in Bangladesh
11. Labour moving to fast-
growing electronics
sector and tourism
industry
13. Top garment exporters
are growing in Vietnam:
Phong Phu International: 18 to 24 million pcs per year
Saitex International: 5 million pcs per year
Nhabe Corporation: 5 million pcs per year
14. The companies having
their own denim mills:
Prosperity Textiles: 43,891,200 mtrs. annually
TCE Denim: 38,404,800 mtrs. annually
Phong Phu International: 24,000,000 mtrs. annually
Sasha Denim: under consideration
15. Big players from Taiwan,
Korea and China are
investing – and investing
big – in Vietnam
18. CPTPP will further boost Vietnam’s
economic reforms
32%
increase of
Vietnam
GDP
4%
increase of
export growth
rate
3.8%
increase of
import
growth rate
19. Denim is improving fast in Vietnam
and what is good is that there is now
more investment on technology and
machinery. So, I am sure Vietnam is
slowly heading towards being the
denim leader
–Jordi Calucho, Technical Marketing Executive, Archroma
“ “
21. More denim consultants from
Europe need to be associated
with denim factories
More initiatives on saving water
and energy
22. The progress is slow but Vietnam is
all set to be the denim leader in
the years to come
23. With a formidable reputation for
excellent needle work and churning out
flawless jackets with any number of
panels, even the most complicated
products with highest number of value
additions are possible in Vietnam
–- Anil Mishra, Country Manager, Asmara Vietnam
“ “
24. Vietnam is one of the world’s leading
destinations for investors in the textile
& garment industry due to the
bilateral and multilateral agreements
that the country has signed. CPTPP
and FTA are only going to facilitate the
development of the industry
–Nguyen Thi Tuyet Mai, Secretary General, VITAS
“ “