Vietnam Textile and Apparel Standard 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
SUMMARY
I. Business environment
1. MACROECONOMIC SITUATION
2. LEGAL FRAMEWORK
II. Industry situation
1. GLOBAL TEXTILE AND APPAREL MARKET
1.1 Industry scale
1.2. Global value chain
1.3. Spinning
1.4. Dyeing Textile
1.5. Garment
2. VIETNAM TEXTILE AND APPAREL MARKET
2.1. Vietnam textile and garment market's overview
2.2. Spinning
2.3. Dyeing textile
2.4. Garment
2.5 Export system
III. Prospect
IV. Enterprise analysis
1. GARMENT ENTERPRISE ANALYSIS
2. TEXTILE AND FIBER ENTERPRISE ANALYSIS
SUMMARY
I. Business environment
1. MACROECONOMIC SITUATION
2. LEGAL FRAMEWORK
II. Industry situation
1. GLOBAL TEXTILE AND APPAREL MARKET
1.1 Industry scale
1.2. Global value chain
1.3. Spinning
1.4. Dyeing Textile
1.5. Garment
2. VIETNAM TEXTILE AND APPAREL MARKET
2.1. Vietnam textile and garment market's overview
2.2. Spinning
2.3. Dyeing textile
2.4. Garment
2.5 Export system
III. Prospect
IV. Enterprise analysis
1. GARMENT ENTERPRISE ANALYSIS
2. TEXTILE AND FIBER ENTERPRISE ANALYSIS
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 fiber production and consumption, 2000 - 2017e
Figure 13: World fiber consumption by category, 2017
Figure 14: World fiber and yarn export, 2010 - 2017e
Figure 15: Global yarn and fabric production index from Q2/2016 - Q2/2018
Figure 16: World cloth trade, 2010 - 2017e
Figure 17: Global scale of textile production 2014-2018e
Figure 18: Global textile import and export value, 2010 - 2023e
Figure 19: Top 10 largest garment exporters in the world, 2017e
Figure 20: Top 10 largest garment importers in the world, 2017e
Figure 21: Allocation of textile and garment enterprises by region, 2017
Figure 22: Allocation of private industry garment enterprises by region, 2016
Figure 23: The proportion of turnover of garment enterprises, 2014
Figure 24: Production of fiber, yarn, 2010 -2018e
Figure 25: Output and value of fiber, fiber consumption, 2010 - 2018e
Figure 26: Import and export of fiber in Vietnam, 2010 - 2018e
Figure 27: Import structure of textile fiber by volume, 2018e
Figure 28: Export structure of textile fiber by volume, 2018e
Figure 29: Yarn production of Vietnam, 2014 - 2018e
Figure 30: Production structure of Vietnamese fabrics, 2012 - 2018e
Figure 31: Fabric consumption value, 2012 - 2018
Figure 32: Fabric import and export turnover of Vietnam, 2011 - 2018e
Figure 33: Structure of Vietnam's fabric import market, 2018e
Figure 34: Production of clothing, 2012 -2018e
Figure 35: Market share of domestic garment market,2016e
Figure 36: Textile exports (including fabrics), 2010 - 2018e
Figure 37: Volume of garment products exported from Vietnam to EAEU, 7T/2018
Figure 38: Structure of Vietnam's textile and garment export market, 2018e
Figure 39: Export value of textiles and garments to some countries, 2013 - 2018e
Figure 40: Export of textiles and garments of FDI enterprises and domestic enterprises, 2010 - 2018e
Figure 41: Time (day) of the average order production of Vietnam
Figure 42: Textile inventory index and costume production index, 1/2017 - 12/2018
Figure 43: Structure of Viet Tien’s export garment market , 2017
Figure 44: The structure of textile export market of Hoa Tho,2017
Figure 45: Export turnover of Nha Be,2011-2017
Figure 46: The structure of textile and garment export market of Nha Be, 2017
Figure 47: Export structure of Duc Giang by commodity, 2017
Figure 48: Structure of textile and garment export market of TNG,2017
Figure 49: Textile and garment market structure of May Dong Nai, 2014
Figure 50: Net revenue, 2016 - 2017
Figure 51: Gross profit margin, 2016 - 2017
Figure 52: Financial cost and ratio of financial cost/net revenue, 2016 - 2017
Figure 53: Solvency, 2016 - 2017
Figure 54: Index of payment, 2016 - 2017
Figure 55: Profit Ratio, 2016 - 2017
Figure 56: Textile and garment market structure of Phong Phu 2014
Figure 57: Revenue structure by market of Century Synthetic Fiber Corporation, 2017
Figure 58: Revenue structure by product, 2017
Figure 59: Net revenue, 2016 - 2017
Figure 60: Gross profit margin, 2016 - 2017
Figure 61: Financial expenses and financial expenses/net profit, 2016 - 2017
Figure 62: Asset turnover and fixed asset turnover, 2016 - 2017
Figure 63: Date of inventory, 2016 - 2017
Figure 64: Payment ratio, 2016 - 2017
Figure 65: 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 fiber production and consumption, 2000 - 2017e
Figure 13: World fiber consumption by category, 2017
Figure 14: World fiber and yarn export, 2010 - 2017e
Figure 15: Global yarn and fabric production index from Q2/2016 - Q2/2018
Figure 16: World cloth trade, 2010 - 2017e
Figure 17: Global scale of textile production 2014-2018e
Figure 18: Global textile import and export value, 2010 - 2023e
Figure 19: Top 10 largest garment exporters in the world, 2017e
Figure 20: Top 10 largest garment importers in the world, 2017e
Figure 21: Allocation of textile and garment enterprises by region, 2017
Figure 22: Allocation of private industry garment enterprises by region, 2016
Figure 23: The proportion of turnover of garment enterprises, 2014
Figure 24: Production of fiber, yarn, 2010 -2018e
Figure 25: Output and value of fiber, fiber consumption, 2010 - 2018e
Figure 26: Import and export of fiber in Vietnam, 2010 - 2018e
Figure 27: Import structure of textile fiber by volume, 2018e
Figure 28: Export structure of textile fiber by volume, 2018e
Figure 29: Yarn production of Vietnam, 2014 - 2018e
Figure 30: Production structure of Vietnamese fabrics, 2012 - 2018e
Figure 31: Fabric consumption value, 2012 - 2018
Figure 32: Fabric import and export turnover of Vietnam, 2011 - 2018e
Figure 33: Structure of Vietnam's fabric import market, 2018e
Figure 34: Production of clothing, 2012 -2018e
Figure 35: Market share of domestic garment market,2016e
Figure 36: Textile exports (including fabrics), 2010 - 2018e
Figure 37: Volume of garment products exported from Vietnam to EAEU, 7T/2018
Figure 38: Structure of Vietnam's textile and garment export market, 2018e
Figure 39: Export value of textiles and garments to some countries, 2013 - 2018e
Figure 40: Export of textiles and garments of FDI enterprises and domestic enterprises, 2010 - 2018e
Figure 41: Time (day) of the average order production of Vietnam
Figure 42: Textile inventory index and costume production index, 1/2017 - 12/2018
Figure 43: Structure of Viet Tien’s export garment market , 2017
Figure 44: The structure of textile export market of Hoa Tho,2017
Figure 45: Export turnover of Nha Be,2011-2017
Figure 46: The structure of textile and garment export market of Nha Be, 2017
Figure 47: Export structure of Duc Giang by commodity, 2017
Figure 48: Structure of textile and garment export market of TNG,2017
Figure 49: Textile and garment market structure of May Dong Nai, 2014
Figure 50: Net revenue, 2016 - 2017
Figure 51: Gross profit margin, 2016 - 2017
Figure 52: Financial cost and ratio of financial cost/net revenue, 2016 - 2017
Figure 53: Solvency, 2016 - 2017
Figure 54: Index of payment, 2016 - 2017
Figure 55: Profit Ratio, 2016 - 2017
Figure 56: Textile and garment market structure of Phong Phu 2014
Figure 57: Revenue structure by market of Century Synthetic Fiber Corporation, 2017
Figure 58: Revenue structure by product, 2017
Figure 59: Net revenue, 2016 - 2017
Figure 60: Gross profit margin, 2016 - 2017
Figure 61: Financial expenses and financial expenses/net profit, 2016 - 2017
Figure 62: Asset turnover and fixed asset turnover, 2016 - 2017
Figure 63: Date of inventory, 2016 - 2017
Figure 64: Payment ratio, 2016 - 2017
Figure 65: Profit rate, 2016 - 2017
LIST OF TABLES
Table 1 : Oil refinery projects in Vietnam
Table 2 :INDUSTRY OVERVIEW
Table 3 :Number of textile and garment companies in Vietnam, 2012 - 2017
Table 4 :Number of workers in Vietnam textile and garment industry, 2012 - 2017
Table 5 :Balance of import and export of Vietnam textiles and garments, 2014 - 2018e
Table 6 :Time (day) of the average order production in some countries
Table 7 :Table of particular target in Vietnam textile and garment industry to 2030
Table 8 :Top 8 garment companies in Vietnam have the largest net sales in 2017
Table 9 :Production capacity of VIET TIEN GARMENT JOINT STOCK COMPANY
Table 10 :Production capacity of HOA THO CORPORATION
Table 11 :Investment plan in 2018
Table 12 :Production capacity of Nha Be Garment corporation
Table 13 :Production capacity of Garment 10 Corporation
Table 14 :Production capacity of Duc Giang Corporation
Table 15 :Production capacity of the subordinate units of TNG, 2017
Table 16 :Machinery of VND Nai Garment Corporation, 2016
Table 17 :Top five Vietnamese textile and fiber companies have the largest net sales in 2017(billion VND)
Table 18 :Investment plan in 2017
Table 19 :Production situation in 2017
Table 20 :Production capacity of Thanh Cong Textile Garment - Investment - Trading JSC
Table 21 :Production capacity of Phong Phu Corporation
Table 1 : Oil refinery projects in Vietnam
Table 2 :INDUSTRY OVERVIEW
Table 3 :Number of textile and garment companies in Vietnam, 2012 - 2017
Table 4 :Number of workers in Vietnam textile and garment industry, 2012 - 2017
Table 5 :Balance of import and export of Vietnam textiles and garments, 2014 - 2018e
Table 6 :Time (day) of the average order production in some countries
Table 7 :Table of particular target in Vietnam textile and garment industry to 2030
Table 8 :Top 8 garment companies in Vietnam have the largest net sales in 2017
Table 9 :Production capacity of VIET TIEN GARMENT JOINT STOCK COMPANY
Table 10 :Production capacity of HOA THO CORPORATION
Table 11 :Investment plan in 2018
Table 12 :Production capacity of Nha Be Garment corporation
Table 13 :Production capacity of Garment 10 Corporation
Table 14 :Production capacity of Duc Giang Corporation
Table 15 :Production capacity of the subordinate units of TNG, 2017
Table 16 :Machinery of VND Nai Garment Corporation, 2016
Table 17 :Top five Vietnamese textile and fiber companies have the largest net sales in 2017(billion VND)
Table 18 :Investment plan in 2017
Table 19 :Production situation in 2017
Table 20 :Production capacity of Thanh Cong Textile Garment - Investment - Trading JSC
Table 21 :Production capacity of Phong Phu Corporation
