Vietnamese textile and apparel companies strive to achieve raw material independence

According to the “People’s Daily” report on February 12, the epidemic disrupted the raw material supply chain of Vietnam’s textile and apparel industry, but soon many companies invested in the production of textile raw materials and accessories to meet domestic and export needs. needs to meet the new generation of free trade agreement rules of origin.

In 2022, many international organizations believe that Vietnam’s textiles and apparel are the industry with the best recovery opportunities, but it is expected that total demand will not grow much and will compete with Vietnam’s textiles and apparel. Countries are struggling to increase their export market share. Wang Deying, director of the Office of the Board of Directors of the Vietnam National Textile and Apparel Group, said that since the outbreak of the new crown epidemic two years ago, in the reality of supply chain disruption in the textile and apparel industry, Vietnamese companies have realized that ensuring stable domestic supply of major raw materials is the “key” to sustainable development.

Wang Deying said that Vietnam National Textile and Apparel Group has formulated a strategy to develop the domestic supply chain from yarn, weaving, dyeing to sewing, with the goal of becoming a one-stop for customers style supplier. From now to 2025, the focus will be on developing a complete yarn-to-garment chain.

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