Vietnam Textile and Apparel Comprehensive Report Q1/2019
VIETNAM TEXTILE AND APPAREL INDUSTRY
The world textile industry is deeply influenced by the macroeconomic fluctuations. China is the world's largest textile factory with a complete supply chain and advantages of machinery and low-price labor. Developed countries such as the US, Italy, Korea and Hong Kong dominate the stages that brings about higher added value such as design, marketing and branding, commercialization and export.
It is predicted that in the next 5 years, emerging markets with large population size such as China, India, ... will grow strongly; Meanwhile, the textile market in developed countries, especially European countries, will tend to be saturated and grow slowly.
The textile and apprel industry is one of Vietnam's key industries, the industry with the second largest export turnover with export value contributing from 10-15% to GDP. In recent years, the textile industry has continuously developed at an average rate of 17% per year.
According to the General Statistics Office, by the end of 2017, Vietnam had nearly 11,000 textile companies with small and medium-sized companies making up the majority. Although FDI enterprises accounted for only 25% in quantity, they contributed more than 59.9% to Vietnam's apparel export turnover in 2018.
In 2018, fiber production output of the whole country increased by about 12.2% compared to the same period in 2017. The consumption output in 2018 was estimated to increase by 14.6% compared to 2017. In 2018, clothing production volume increased by 5% compared to 2017, due to positive export growth from export orders to many large countries such as the US, Japan, and South Korea increased. Textile and apparel exports in 2018 increased by 14.5% over the same period in 2017, bringing textile and apparel to the second position, after exporting phones and components.
Domestic textile enterprises are weak in knowledge-intensive stages such as building distribution, export, design and branding systems. It is predicted that Vietnam's textile and apparel export turnover may reach 50-55 billion USD by 2025 thanks to FTAs.
The world textile industry is deeply influenced by the macroeconomic fluctuations. China is the world's largest textile factory with a complete supply chain and advantages of machinery and low-price labor. Developed countries such as the US, Italy, Korea and Hong Kong dominate the stages that brings about higher added value such as design, marketing and branding, commercialization and export.
It is predicted that in the next 5 years, emerging markets with large population size such as China, India, ... will grow strongly; Meanwhile, the textile market in developed countries, especially European countries, will tend to be saturated and grow slowly.
The textile and apprel industry is one of Vietnam's key industries, the industry with the second largest export turnover with export value contributing from 10-15% to GDP. In recent years, the textile industry has continuously developed at an average rate of 17% per year.
According to the General Statistics Office, by the end of 2017, Vietnam had nearly 11,000 textile companies with small and medium-sized companies making up the majority. Although FDI enterprises accounted for only 25% in quantity, they contributed more than 59.9% to Vietnam's apparel export turnover in 2018.
In 2018, fiber production output of the whole country increased by about 12.2% compared to the same period in 2017. The consumption output in 2018 was estimated to increase by 14.6% compared to 2017. In 2018, clothing production volume increased by 5% compared to 2017, due to positive export growth from export orders to many large countries such as the US, Japan, and South Korea increased. Textile and apparel exports in 2018 increased by 14.5% over the same period in 2017, bringing textile and apparel to the second position, after exporting phones and components.
Domestic textile enterprises are weak in knowledge-intensive stages such as building distribution, export, design and branding systems. It is predicted that Vietnam's textile and apparel export turnover may reach 50-55 billion USD by 2025 thanks to FTAs.
Abbreviations
Executive summary
I. Business environment
1. MACROECONOMIC SITUATION
2. LEGAL FRAMEWORK
3. TRADE AGREEMENTS
II. Industry overview
1. WORLD TEXTILE AND APPAREL MARKET
1.1 Industry Scale
1.2.Global Value chain
1.3. Input material
1.4 Spinning
1.5. Textile dyeing
1.6. Gament
1.7. Distribution and export system
1.8. Textile and garment industry's machine
2. VIETNAM TEXTILE AND GARMENT MARKET
2.1. Vietnam textile and garment market's overview
2.2. Input material
2.3. Spinning
2.4. Dyeing textile
2.5. Garment
2.6. Distribution and export system
III. Prospect and risk
1. INDUSTRY RISK
1.1. 5-forces analysis
1.2. SWOT analysis
1.3. Risks
2. PROSPECT
2.1. Industry plan
2.2. Forecast and industry prospect rating
IV. Enterprise analysis
1. GARMENT ENTERPRISE ANALYSIS
2. TEXTILE AND YARNS ENTERPRISE ANALYSIS
IV. Conclusion
Executive summary
I. Business environment
1. MACROECONOMIC SITUATION
2. LEGAL FRAMEWORK
3. TRADE AGREEMENTS
II. Industry overview
1. WORLD TEXTILE AND APPAREL MARKET
1.1 Industry Scale
1.2.Global Value chain
1.3. Input material
1.4 Spinning
1.5. Textile dyeing
1.6. Gament
1.7. Distribution and export system
1.8. Textile and garment industry's machine
2. VIETNAM TEXTILE AND GARMENT MARKET
2.1. Vietnam textile and garment market's overview
2.2. Input material
2.3. Spinning
2.4. Dyeing textile
2.5. Garment
2.6. Distribution and export system
III. Prospect and risk
1. INDUSTRY RISK
1.1. 5-forces analysis
1.2. SWOT analysis
1.3. Risks
2. PROSPECT
2.1. Industry plan
2.2. Forecast and industry prospect rating
IV. Enterprise analysis
1. GARMENT ENTERPRISE ANALYSIS
2. TEXTILE AND YARNS ENTERPRISE ANALYSIS
IV. Conclusion
LIST OF FIGURES
Figure 1: GDP growth rate by quarter, 2015 – 2018
Figure 2: GDP by current price and GDP per capita, 2013 – 2018
Figure 3: Foreign direct investment, 2015 - 2018
Figure 4: Attracting FDI by sector, 2018
Figure 5: Proportion of textile export value in total export value, 2013 - 2018e
Figure 6: The main import items are from China, 2018e
Figure 7: Main export items to China, 2018e
Figure 8: VND/CNY exchange rate, 7/2018 - 12/2018
Figure 9: VND/USD exchange rate, 2011 - 2018
Figure 10: Goods retail sales, 2010 - 2018
Figure 11: Global textile industry scale, 2012 - 2021f
Figure 12: World cotton prices *, 9/2012 - 12/2018
Figure 13: Price movements of PTA, MEG, PET Chip and PSF in Asia, 3/2016 - 6/2018e
Figure 14: World cotton production, 2012/2013 - 2018/2019e
Figure 15: World cotton consumption, 2012/2013 - 2018/2019e
Figure 16: Cotton productivity in some countries, 2015/2016 - 2017/2018e
Figure 17: World cotton export volume, 2012/13 - 2017/18e
Figure 18: World cotton import volume, 2012/13 - 2017/18e
Figure 19: World fiber production and consumption, 2000 - 2017e
Figure 20: World fiber consumption by category, 2017
Figure 21: World fiber and yarn export, 2010 - 2017e
Figure 22: Structure of world fiber consumption goals in 2014
Figure 23: Demand for world fiber consumption 1980 - 2030e
Figure 24: Global yarn and fabric production index from Q2/2016 - Q2/2018
Figure 25: World cloth trade, 2010 - 2017e
Figure 26: Top 10 largest garment exporters in the world, 2017e
Figure 27: Top 10 largest garment importers in the world, 2017e
Figure 28: Global scale of textile production 2014-2018e
Figure 29: Global textile import and export value, 2010 - 2023e
Figure 30: Top 10 largest garment exporters in the world, 2017e
Figure 31: Top 10 largest garment importers in the world, 2017e
Figure 32: Global apparel trade value 2003-2018F
Figure 33: Global textile export structure 2017e
Figure 34: Scale of consumption of global apparel market 2015 - 2025f
Figure 35: Spending per capita on apparel 2014-2019F
Figure 36: Average salary of some countries, 2016
Figure 37: The average salary of the textile industry of some countries, 2016
Figure 38: Value of world apparel retail industry 2014-2019e
Figure 39: The world's largest textile machinery importers, 2017e
Figure 40: The largest textile machinery exporter in the world, 2017e
Figure 41: Allocation of textile and garment enterprises by region, 2017
Figure 42: Allocation of private industry garment enterprises by region, 2016
Figure 43: The proportion of turnover of garment enterprises, 2014
Figure 44: The situation of cotton production in Vietnam, 2013/2014 - 2016/2017e
Figure 45: Area of cotton growing in some major areas,2013/2014 – 2016/2017
Figure 46: Supply cotton by output, 2016/2017 - 2018/2019e
Figure 47: Cotton demand according to output,2016/2017 - 2018/2019e
Figure 48: Price of imported cotton, 8/2014 - 12/2018
Figure 49: Cotton imports of Vietnam, 2013 –2018e
Figure 50: Import market structure of cotton by value, 2018e
Figure 51: Market structure of imported raw materials, textile materials, leather, shoes, 2018e
Figure 52: Import-export turnover of textile, leather and footwear materials and accessories, 2013 –2018e
Figure 53: Market structure for export of raw materials, garment accessories, footwear, 2018e
Figure 54: Production of fiber, yarn, 2010 -2018e
Figure 55: Output and value of fiber, fiber consumption, 2010 - 2018e
Figure 56: Import and export of fiber in Vietnam, 2010 - 2018e
Figure 57: Import structure of textile fiber by volume, 2018e
Figure 58: Export structure of textile fiber by volume, 2018e
Figure 59: Number of spindles, rotor branches of Vietnam yarn industry, 2010 - 2017e
Figure 60: Yarn production of Vietnam, 2014 - 2018e
Figure 61: Production structure of Vietnamese fabrics, 2012 - 2018e
Figure 62: Fabric consumption value, 2012 - 2018
Figure 63: Fabric import and export turnover of Vietnam, 2011 - 2018e
Figure 64: Structure of Vietnam's fabric import market, 2018e
Figure 65: Production of clothing, 2012 -2018e
Figure 66: Market share of domestic garment market,2016e
Figure 67: Textile exports (including fabrics), 2010 - 2018e
Figure 68: Volume of garment products exported from Vietnam to EAEU, 7T/2018
Figure 69: Structure of Vietnam's textile and garment export market, 2018e
Figure 70: Export value of textiles and garments to some countries, 2013 - 2018e
Figure 71: Export of textiles and garments of FDI enterprises and domestic enterprises, 2010 - 2018e
Figure 72: Time (day) of the average order production of Vietnam
Figure 73: Textile inventory index and costume production index, 1/2017 - 12/2018
Figure 74: Rate of competition in Vietnam textile and garment industry
Figure 75: Global textile and garment market price forecast in period of 2015-2022f
Figure 76: Estimates of global apparel and non apparel market value, 2016-2022f
Figure 77: Forecast of export turnover of textiles and garments, 2016 - 2022f
Figure 78: Structure of Viet Tien’s export garment market , 2017
Figure 79: The structure of textile export market of Hoa Tho,2017
Figure 80: Export turnover of Nha Be,2011-2017
Figure 81: The structure of textile and garment export market of Nha Be, 2017
Figure 82: Export structure of Duc Giang by commodity, 2017
Figure 83: Structure of textile and garment export market of TNG,2017
Figure 84: Textile and garment market structure of May Dong Nai, 2014
Figure 85: Net revenue, 2016 - 2017
Figure 86: Gross profit margin, 2016 - 2017
Figure 87: Financial cost and ratio of financial cost/net revenue, 2016 - 2017
Figure 88: Solvency, 2016 - 2017
Figure 89: Index of payment, 2016 - 2017
Figure 90: Profit Ratio, 2016 - 2017
Figure 91: Textile and garment market structure of Phong Phu 2014
Figure 92: Revenue structure by market of Century Synthetic Fiber Corporation, 2017
Figure 93: Revenue structure by product, 2017
Figure 94: Net revenue, 2016 - 2017
Figure 95: Gross profit margin, 2016 - 2017
Figure 96: Financial expenses and financial expenses/net profit, 2016 - 2017
Figure 97: Asset turnover and fixed asset turnover, 2016 - 2017
Figure 98: Date of inventory, 2016 - 2017
Figure 99: Payment ratio, 2016 - 2017
Figure 100: Profit rate, 2016 - 2017
Figure 1: GDP growth rate by quarter, 2015 – 2018
Figure 2: GDP by current price and GDP per capita, 2013 – 2018
Figure 3: Foreign direct investment, 2015 - 2018
Figure 4: Attracting FDI by sector, 2018
Figure 5: Proportion of textile export value in total export value, 2013 - 2018e
Figure 6: The main import items are from China, 2018e
Figure 7: Main export items to China, 2018e
Figure 8: VND/CNY exchange rate, 7/2018 - 12/2018
Figure 9: VND/USD exchange rate, 2011 - 2018
Figure 10: Goods retail sales, 2010 - 2018
Figure 11: Global textile industry scale, 2012 - 2021f
Figure 12: World cotton prices *, 9/2012 - 12/2018
Figure 13: Price movements of PTA, MEG, PET Chip and PSF in Asia, 3/2016 - 6/2018e
Figure 14: World cotton production, 2012/2013 - 2018/2019e
Figure 15: World cotton consumption, 2012/2013 - 2018/2019e
Figure 16: Cotton productivity in some countries, 2015/2016 - 2017/2018e
Figure 17: World cotton export volume, 2012/13 - 2017/18e
Figure 18: World cotton import volume, 2012/13 - 2017/18e
Figure 19: World fiber production and consumption, 2000 - 2017e
Figure 20: World fiber consumption by category, 2017
Figure 21: World fiber and yarn export, 2010 - 2017e
Figure 22: Structure of world fiber consumption goals in 2014
Figure 23: Demand for world fiber consumption 1980 - 2030e
Figure 24: Global yarn and fabric production index from Q2/2016 - Q2/2018
Figure 25: World cloth trade, 2010 - 2017e
Figure 26: Top 10 largest garment exporters in the world, 2017e
Figure 27: Top 10 largest garment importers in the world, 2017e
Figure 28: Global scale of textile production 2014-2018e
Figure 29: Global textile import and export value, 2010 - 2023e
Figure 30: Top 10 largest garment exporters in the world, 2017e
Figure 31: Top 10 largest garment importers in the world, 2017e
Figure 32: Global apparel trade value 2003-2018F
Figure 33: Global textile export structure 2017e
Figure 34: Scale of consumption of global apparel market 2015 - 2025f
Figure 35: Spending per capita on apparel 2014-2019F
Figure 36: Average salary of some countries, 2016
Figure 37: The average salary of the textile industry of some countries, 2016
Figure 38: Value of world apparel retail industry 2014-2019e
Figure 39: The world's largest textile machinery importers, 2017e
Figure 40: The largest textile machinery exporter in the world, 2017e
Figure 41: Allocation of textile and garment enterprises by region, 2017
Figure 42: Allocation of private industry garment enterprises by region, 2016
Figure 43: The proportion of turnover of garment enterprises, 2014
Figure 44: The situation of cotton production in Vietnam, 2013/2014 - 2016/2017e
Figure 45: Area of cotton growing in some major areas,2013/2014 – 2016/2017
Figure 46: Supply cotton by output, 2016/2017 - 2018/2019e
Figure 47: Cotton demand according to output,2016/2017 - 2018/2019e
Figure 48: Price of imported cotton, 8/2014 - 12/2018
Figure 49: Cotton imports of Vietnam, 2013 –2018e
Figure 50: Import market structure of cotton by value, 2018e
Figure 51: Market structure of imported raw materials, textile materials, leather, shoes, 2018e
Figure 52: Import-export turnover of textile, leather and footwear materials and accessories, 2013 –2018e
Figure 53: Market structure for export of raw materials, garment accessories, footwear, 2018e
Figure 54: Production of fiber, yarn, 2010 -2018e
Figure 55: Output and value of fiber, fiber consumption, 2010 - 2018e
Figure 56: Import and export of fiber in Vietnam, 2010 - 2018e
Figure 57: Import structure of textile fiber by volume, 2018e
Figure 58: Export structure of textile fiber by volume, 2018e
Figure 59: Number of spindles, rotor branches of Vietnam yarn industry, 2010 - 2017e
Figure 60: Yarn production of Vietnam, 2014 - 2018e
Figure 61: Production structure of Vietnamese fabrics, 2012 - 2018e
Figure 62: Fabric consumption value, 2012 - 2018
Figure 63: Fabric import and export turnover of Vietnam, 2011 - 2018e
Figure 64: Structure of Vietnam's fabric import market, 2018e
Figure 65: Production of clothing, 2012 -2018e
Figure 66: Market share of domestic garment market,2016e
Figure 67: Textile exports (including fabrics), 2010 - 2018e
Figure 68: Volume of garment products exported from Vietnam to EAEU, 7T/2018
Figure 69: Structure of Vietnam's textile and garment export market, 2018e
Figure 70: Export value of textiles and garments to some countries, 2013 - 2018e
Figure 71: Export of textiles and garments of FDI enterprises and domestic enterprises, 2010 - 2018e
Figure 72: Time (day) of the average order production of Vietnam
Figure 73: Textile inventory index and costume production index, 1/2017 - 12/2018
Figure 74: Rate of competition in Vietnam textile and garment industry
Figure 75: Global textile and garment market price forecast in period of 2015-2022f
Figure 76: Estimates of global apparel and non apparel market value, 2016-2022f
Figure 77: Forecast of export turnover of textiles and garments, 2016 - 2022f
Figure 78: Structure of Viet Tien’s export garment market , 2017
Figure 79: The structure of textile export market of Hoa Tho,2017
Figure 80: Export turnover of Nha Be,2011-2017
Figure 81: The structure of textile and garment export market of Nha Be, 2017
Figure 82: Export structure of Duc Giang by commodity, 2017
Figure 83: Structure of textile and garment export market of TNG,2017
Figure 84: Textile and garment market structure of May Dong Nai, 2014
Figure 85: Net revenue, 2016 - 2017
Figure 86: Gross profit margin, 2016 - 2017
Figure 87: Financial cost and ratio of financial cost/net revenue, 2016 - 2017
Figure 88: Solvency, 2016 - 2017
Figure 89: Index of payment, 2016 - 2017
Figure 90: Profit Ratio, 2016 - 2017
Figure 91: Textile and garment market structure of Phong Phu 2014
Figure 92: Revenue structure by market of Century Synthetic Fiber Corporation, 2017
Figure 93: Revenue structure by product, 2017
Figure 94: Net revenue, 2016 - 2017
Figure 95: Gross profit margin, 2016 - 2017
Figure 96: Financial expenses and financial expenses/net profit, 2016 - 2017
Figure 97: Asset turnover and fixed asset turnover, 2016 - 2017
Figure 98: Date of inventory, 2016 - 2017
Figure 99: Payment ratio, 2016 - 2017
Figure 100: Profit rate, 2016 - 2017
LIST OF TABLES
Table 1: Oil refinery projects in Vietnam
Table 2: Some of the world's largest textile machinery manufacturers
Table 3: INDUSTRY OVERVIEW
Table 4: Number of textile and garment companies in Vietnam, 2012 - 2017
Table 5: Number of workers in Vietnam textile and garment industry, 2012 - 2017
Table 6: Balance of import and export of Vietnam textiles and garments, 2014 - 2018e
Table 7: Long yarn manufacturing enterprises in Vietnam
Table 8: Some investment projects in Vietnam in the period of 2014 - 2018
Table 9: Time (day) of the average order production in some countries
Table 10: Table of particular target in Vietnam textile and garment industry to 2030
Table 11: Top 8 garment companies in Vietnam have the largest net sales in 2017
Table 12: Production capacity of VIET TIEN GARMENT JOINT STOCK COMPANY
Table 13: Production capacity of HOA THO CORPORATION
Table 14: Investment plan in 2018
Table 15: Production capacity of Nha Be Garment corporation
Table 16: Production capacity of Garment 10 Corporation
Table 17: Production capacity of Duc Giang Corporation
Table 18: Production capacity of the subordinate units of TNG, 2017
Table 19: Machinery of VND Nai Garment Corporation, 2016
Table 20: Top five Vietnamese textile and fiber companies have the largest net sales in 2017(billion VND)
Table 21: Investment plan in 2017
Table 22: Production situation in 2017
Table 23: Production capacity of Thanh Cong Textile Garment - Investment - Trading JSC
Table 24: Production capacity of Phong Phu Corporation
Table 25: Production capacity of Hue Textile and Garment Joint Stock Company
Table 1: Oil refinery projects in Vietnam
Table 2: Some of the world's largest textile machinery manufacturers
Table 3: INDUSTRY OVERVIEW
Table 4: Number of textile and garment companies in Vietnam, 2012 - 2017
Table 5: Number of workers in Vietnam textile and garment industry, 2012 - 2017
Table 6: Balance of import and export of Vietnam textiles and garments, 2014 - 2018e
Table 7: Long yarn manufacturing enterprises in Vietnam
Table 8: Some investment projects in Vietnam in the period of 2014 - 2018
Table 9: Time (day) of the average order production in some countries
Table 10: Table of particular target in Vietnam textile and garment industry to 2030
Table 11: Top 8 garment companies in Vietnam have the largest net sales in 2017
Table 12: Production capacity of VIET TIEN GARMENT JOINT STOCK COMPANY
Table 13: Production capacity of HOA THO CORPORATION
Table 14: Investment plan in 2018
Table 15: Production capacity of Nha Be Garment corporation
Table 16: Production capacity of Garment 10 Corporation
Table 17: Production capacity of Duc Giang Corporation
Table 18: Production capacity of the subordinate units of TNG, 2017
Table 19: Machinery of VND Nai Garment Corporation, 2016
Table 20: Top five Vietnamese textile and fiber companies have the largest net sales in 2017(billion VND)
Table 21: Investment plan in 2017
Table 22: Production situation in 2017
Table 23: Production capacity of Thanh Cong Textile Garment - Investment - Trading JSC
Table 24: Production capacity of Phong Phu Corporation
Table 25: Production capacity of Hue Textile and Garment Joint Stock Company
