On the morning of November 19th, the Vietnam Textile and Garment Association (VITAS) held a press conference to provide information about the 25th anniversary celebration of Vitas and the 2024 Year-End Review Conference.
According to information from a press conference, Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Garment Association (Vitas), announced that the 25th anniversary celebration and year-end review for 2024 will be held on December 13-14, 2024 in Quang Nam . The celebration is a significant milestone marking Vitas's growth, achievements, and contributions to the industry's development, as well as outlining its development direction for 2025 and beyond – a period marked by the explosion of artificial intelligence, a flat world, digital transformation, and the demand for greening and sustainable development in Vietnam's textile and garment industry.
The event is expected to attract around 500 guests, notably including leaders from ministries, departments, and localities, former and current leaders of the textile and garment industry and Vitas, international organizations, foreign textile and garment associations, several domestic industry associations, member businesses, and media outlets.
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| Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Garment Association, provided information at the press conference. Photo: Thu Hoai |
At the 25th anniversary celebration of Vitas, Mr. Vu Duc Giang stated that businesses and government agencies would collectively review and assess the impressive milestones in Vietnam's textile and garment industry over the past 25 years. From a time when the industry primarily served domestic consumption needs and had very small export turnover compared to Thailand, Indonesia, and the Philippines, it has now risen to become the world's third largest textile and garment exporter, after China and Bangladesh.
Over the past 25 years, the domestic market has also increased from over $300 million to approximately $4.5 billion. The trade surplus in 2024 reached $19 billion, a 108.6-fold increase compared to $175 million in 1999. With a workforce of over 3 million people, the textile and garment industry is the largest employer in the country's economy , making a significant contribution to job creation, ensuring income for workers, maintaining social order and security, increasing state and local government revenue, and facilitating economic restructuring.
Vitas has played a crucial role in the industry's achievements. Over the past 25 years, the Association has successfully connected domestic businesses with each other and with foreign-invested enterprises, forming supply chains; organized numerous trade promotion delegations to major markets such as the United States, France, Germany, Russia, China, Japan, South Korea, Australia, and Taiwan (China)... to expand export markets; actively participated in many major international organizations specializing in the textile and garment industry such as ITMF, AFTEX, and AFF... connecting businesses with many international textile and garment organizations and associations, leveraging experts, experience, and funding to open training courses on techniques, design, branding, technology updates, vocational skills, and sustainable development...
In particular, the association has played a crucial role as a bridge between textile and garment businesses and the Government, ministries, and localities to reflect on obstacles related to policy mechanisms and administrative procedures, while also participating in the development of policies to support and facilitate trade for businesses, and participating in government negotiation delegations on free trade agreements.
The association is also actively implementing the Textile and Footwear Industry Development Strategy from now until 2030, gradually shifting the industry from rapid development to sustainable development. From 2031-2035, sustainable development will be effectively pursued according to the circular economy model; completing the domestic value chain and participating in a high-value position in the global supply chain.
Regarding the achievements of the industry in 2024, Mr. Vu Duc Giang assessed that, despite the continuing complex and unpredictable global situation, escalating conflicts in many regions; strong fluctuations in fuel prices and transportation costs, slow economic and trade recovery, a decline in global investment, and complex developments in natural disasters, climate change, and energy security, the Vietnamese textile and garment industry still maintained a relatively high growth rate.
“ Export turnover is estimated to reach 44 billion USD as projected, an increase of 11.26% compared to 2023; import turnover is estimated to reach 25 billion USD, an increase of 14.79%; trade surplus is 19 billion USD, an increase of 6.93% compared to 2023 ,” said Mr. Vu Duc Giang.
Regarding export markets, the United States remains the largest market with estimated export turnover of US$16.71 billion, an increase of 12.33% compared to 2023 and accounting for 37.98% of the industry's total export turnover; Japan is estimated at US$4.57 billion, an increase of 6.18%, accounting for 10.39%; the EU is estimated at US$4.3 billion, an increase of 7.66%, accounting for 9.77%; South Korea is estimated at US$3.93 billion, an increase of 10.36%, accounting for 8.93%; China is estimated at US$3.65 billion, an increase of 1.76%, accounting for 8.3%; and ASEAN is estimated at US$2.9 billion, an increase of 4.84%, accounting for 6.59%.
| The Vietnam Textile and Garment Association (VITAS) was established in 1999. Over the past 25 years, Vitas has accompanied its members and businesses in the industry, striving to overcome many difficulties and challenges, making a significant contribution to the strong development of Vietnam's textile and garment industry. |
Source: https://congthuong.vn/hiep-hoi-det-may-viet-nam-thong-tin-ve-le-ky-niem-25-nam-thanh-lap-va-hoi-nghi-tong-ket-2024-359599.html
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