Hanoi (VNA) – A surge in demand for personal protective equipment (PPE) from the manufacturing sector in Vietnam due to COVID-19 pandemic, along with the orders that flowed in from around the world helped to buoy the country’s important garment-making industry with many manufacturers rejigging their facilities to produce PPE, said an article on forbes.com.
The article cited statistics from Vietnam’s Ministry of Industry and Trade showing that there are more than 6,000 garment factories and textile mills in the country, and the sector employed some 3 million workers in 2020.
The Vietnamese government had initially restricted the export of goods, such as face masks, to ensure there was an adequate domestic supply to help combat the virus. But once the restrictions were lifted in March of last year, Vietnam’s manufacturers exported almost 1.2 billion masks through to December 2020 to North America, Europe and around Asia, it noted.
As the pandemic spread and global consumption slowed, Vietnam's significant garment industry saw orders sharply reduced. Vietnam's garment and textile exports were down overall in 2020, the first time it has seen negative growth in a quarter of a century.
The article mentioned as an example Vietnam Goods and Exports (VGE) which turned to making cloth face masks.
VGE founder Anh Tran was quoted as saying that he made the decision to switch in early 2020, and sees an ongoing demand for his product.
“Despite vaccines now rolling out, the [Centers for Disease Control] is still recommending people to wear masks because it is a slow rollout, and there are still many at-risk people you can affect or be affected by,” he said.
“If vaccines are effective, you will probably see a drop-off in the wearing of masks near the end of 2021, but from now until then, it is still a massive industry that just exploded overnight.”
Anh said Vietnam had always excelled at garment manufacturing and low-tech products like personal protective equipment, such as face masks, gowns, hand sanitizers, wipes and things of that nature. “Vietnam has definitely become a shining star in the global PPE trade in 2020 because prior to that most PPE was manufactured in China or the United States,” he added.
Vietnam’s Ministry of Industry and Trade is bullish on the possibilities of the garment and textile industry producing PPE, particularly in the anti-bacterial cloth mask segment. In an interview with the Vietnam News Agency, Deputy Director of the ministry’s Import-Export Department Tran Thanh Hai said that Vietnam was capable of becoming one of the world’s major cloth face mask producers.
Coupled with the fact that anti-bacterial fabric was now being produced locally, he believed production capacity could be increased significantly.
“It is important to raise awareness among consumers about cloth masks and encourage them to switch to cloth masks instead of medical masks,” Hai said.
The rapid expansion of the PPE manufacturing sector helped to buoy parts of the economy, but the massive global demand has also created its own set of challenges in terms of production capacity.
NKC Holdings CEO Sonny Subedi became stranded in Vietnam when countries closed their borders. He said he initially got into PPE to try to do some good in combating the pandemic and began by importing N95 masks into Vietnam. However, with the country so effectively controlling the virus, his local factory contacts soon had an excess supply of masks and he began selling to international buyers./.
See more
Increasing domestic consumption needed to spur economic growth
Domestic consumption has rebounded positively, contributing to the 7.09% economic growth recorded last year. However, consumers continue to adopt a cautious approach to spending amid ongoing socio-economic challenges.
Macroeconomic stability, infrastructure – key catalysts for real estate growth
Macroeconomic stability and infrastructure development are set to be the key drivers propelling Vietnam's real estate market to new heights in 2025, according to industry experts.
Hai Phong inaugurates Lithium-Ion, Ni-MH battery plant
Exquisite Power Vietnam Co., Ltd. has inaugurated its Lithium-Ion and Ni-MH battery production facility in Nam Dinh Vu Industrial Park, the northern port city of Hai Phong.
Vietnam’s GDP growth could reach 8% in 2025 amid challenges: BIDV experts
Vietnam’s GDP growth is projected to reach 7.5% under normal conditions and up to 8% in an optimistic scenario for 2025, according to a research group at the Bank for Investment and Development of Vietnam (BIDV).
☕ Afternoon briefing on January 17
The following is a brief review of the day’s events as reported by the Vietnam News Agency.
Vietnam to become competitive player in global financial market: Minister
Vietnam, an emerging financial centre, is seizing a “golden opportunity” to become a competitive player in the international financial arena with progressive legal frameworks and standout initiatives, according to Minister of Planning and Investment Nguyen Chi Dung.
Vietnam, Poland discuss major measures to beef up economic ties
Vietnam and Poland discussed and agreed on major measures to beef up trade and economic partnership at the second economic consultation meeting held in Warsaw as part of Prime Minister Pham Minh Chinh’s ongoing official visit to the European country.
Swiss broadcaster spotlights Vietnam's economic achievements
Swiss broadcaster SRF has highlighted Vietnam's remarkable economic achievements, saying the country is emerging as one of the world’s fastest-growing economies.
Deputy PM outlines five key tasks to form international financial centres
Permanent Deputy Prime Minister Nguyen Hoa Binh has demanded ministries, sectors, and localities to concentrate on five key tasks to make it easier for developing international financial centres in Vietnam.
Hai Phong Southern Coastal Economic Zone established
The Southern Coastal Economic Zone of Hai Phong has officially come into being, expected to broaden the development space and growth momentum for the northern port city.
Vietnam – rising star for foreign investment in Southeast Asia
Vietnam has cemented its position as an attractive destination for foreign businesses looking to expand their operations in Southeast Asia, driven by robust growth and expanding infrastructure.
Tan Son Nhat airport anticipates record passenger traffic during Tet
Tan Son Nhat International Airport in Ho Chi Minh City is gearing up for an unprecedented surge in both flights and passengers during the 2025 Lunar New Year (Tet) holiday.
Reference exchange rate up on January 17
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,341 VND/USD on January 17, up 8 VND from the previous day.
Ministry moves to boost domestic consumption during Tet holiday
The Ministry of Industry and Trade (MoIT) has issued a directive, urging agencies to stimulate consumer demand and promote domestic goods during the Tet (Lunar New Year) holiday and the first quarter of the year.
Broader space for Vietnam - China cooperation: Chinese expert
By working together on new challenges and business opportunities, the prospects for cooperation between China and Vietnam will be even broader, and there will certainly be more space for development, said Executive President of the China - ASEAN Business Council (CABC) Xu Ningning.
Remittances to HCM City surpasses 9.5 billion USD in 2024
Remittances to Ho Chi Minh City in 2024 reached over 9.5 billion USD, up 0.9% year-on-year, the State Bank of Vietnam (SBV)'s branch in the city announced on January 16.
Retail petrol prices up in latest adjustment
The retail prices of petrol were revised upward on January 16 following the latest adjustment by the Ministries of Industry and Trade, and Finance.
Vietnam, Algeria forge stronger economic bonds
The Vietnam Trade Office in Algeria held a meeting with representatives from several Algerian trade promotion organisations and businesses on January 15 to look back on bilateral trade and chart a course for future collaborations.
Swiss-Viet Economic Forum helps boost bilateral collaboration
The Swiss-Viet Economic Forum (SVEF) set goals for 2025, focusing on continuing to serve as a bridge to strengthen economic and cultural relations between the two countries at an event on January 15 to celebrate the first anniversary of its establishment.
Hai Phong, Quang Ninh attract 7.82 billion USD in FDI in 2024
With 7.82 billion USD in foreign direct investment lured in 2024, the port city of Hai Phong and the northeastern province of Quang Ninh continued affirming their strong attraction as the two pillars of the northern economic triangle, that includes Hanoi.