The textile - garment industry is hoped to bounce back next year (Photo: VNA) Many experts and businesses saidgiven the positive market- and manpower-related signs, the textile - garment industryof Vietnam can grasp opportunities to raise export revenue to 40 billion USD in2022.
Pham Xuan Hong, Chairman ofthe Ho Chi Minh City Textile - Garment - Embroidery - Knitting Association,said businesses have received relatively abundant orders for the last threemonths of 2021 while manpower changes are not too big, which are positive signsfor the recovery of textile - garment firms in HCM City, as well as thesouthern region as a whole.
The HCM City-based Viet ThangJean Co. Ltd has resumed operations since the start of October and is strivingto produce 1.2 million products for export to eight European countries.
The company said its apparel productshave been shipped to Europe for sale in the Christmas and New Yearholidays, adding that it has received orders for production until the end ofJune 2022.
The Vietnam National Textileand Garment Group (Vinatex) held that despite uncertainties, thanks to economicrecovery, the demand for apparel import in large markets like the US, the EU,Japan, the Republic of Korea, and China will bounce back to pre-pandemic levelsin 2019.
Outlining three scenarios,Vinatex said in the first scenario, in which production resumes in the fourthquarter of this year and Q1 of 2022 and more than 80 percent of workers returnto factories, exports may reach 40 billion USD, higher than the revenue of 39billion USD in 2019.
In the second scenario, inwhich production resumes in Q4 of 2021 and Q1 next year, but only more than 70 percentof workers come back, and the number of returning workers increases by 10percent quarter on quarter, overseas shipments may reach 38 billion USD.
Meanwhile, in the thirdscenario, if production is unable to regain complete stability in Q1 next year, and less than 60 percent of workers return to their workplace, and the number risesby 10 percent quarter on quarter, exports would reach only 36 billion USD,according to Vinatex.
Hong believed that thepandemic situation in Vietnam and the world will ease in 2022, and the marketwill warm up. Besides, rivals have not had too many advantages compared toVietnam.
Therefore, businesses shouldseize opportunities next year, he said, expressing his hope thatthey will partner with one another to tap into the growth potential of theworld’s textile - garment market./.
VNA
