According to a report by Vietnam’s “Industry and Trade News” on December 7, the Vietnam Textile Association held an industry summary meeting on December 7 to analyze the import and export situation of textiles in 2021 and propose textiles in 2011. Export target.
Reports indicate that orders from textile companies increased significantly in the first quarter of 2021, and some companies signed order contracts for the end of the third quarter or even the end of the year at the beginning of the year; the epidemic in the north in the second quarter The outbreak put enterprises in distress; in the third quarter, the epidemic broke out in Ho Chi Minh City and spread to various southern provinces and cities, causing southern enterprises to close to a shutdown and textile exports to decline month by month; after the implementation of Government Resolution 128 in October, enterprise production began to resume and exports grew significantly.
According to the Vietnam Textile Association’s forecast, Vietnam’s textile exports in 2021 will be approximately US$39 billion, which is equivalent to 2019; of which clothing exports will be US$28.9 billion, which is equivalent to US$28.9 billion. An increase of 4% in 2020; yarn export volume is US$5.5 billion, a year-on-year increase of 49%, mainly exported to the Chinese market; Vietnam’s textile import volume in 2021 is approximately US$21.7 billion. In terms of market, the United States is still Vietnam’s largest export market for textiles, with exports to the United States reaching US$15.9 billion, an increase of 12% from 2020; followed by China with US$4.4 billion, the European Union with US$3.7 billion, and South Korea with US$3.6 billion. In terms of enterprise contribution rate, the contribution rate of foreign-funded enterprises in the total export volume of the textile industry fluctuates between 59-61%. Compared with the 70% contribution rate of foreign-funded enterprises in Vietnam’s overall economy, the contribution rate of local Vietnamese enterprises in the textile industry is still considerable, accounting for about 40%. To date, the total investment by foreign-funded enterprises in Vietnam’s textile industry is approximately US$32.9 billion.
It is reported that according to the Vietnam Textile Association’s prediction, the global and Vietnamese epidemic situation in 2011 will still be very complex and difficult to predict. But the good news is that major markets such as the United States and the European Union have reopened, and Vietnam’s epidemic prevention and control policy has also changed from “dynamic clearing” to safe and flexible adaptation, effectively controlling the epidemic while recovering and developing the economy. Based on this, the Vietnam Textile Association formulated textile export targets for 2011 and proposed three plans: high, medium and low:
High case: If the epidemic in the first quarter of 2011 is basically If the epidemic is basically under control in mid-2011, we will strive to achieve an export target of 42.5-43.5 billion U.S. dollars; US$100 million export target;
Low case: If the complex epidemic situation continues until the end of 2011, efforts will be made to achieve an export target of US$38-39 billion. </p
