In the first four months of the year, export turnover of Vietnam’s garment and textile sector rose by 14 per cent against the same period last year, fulfilling 39 per cent of the yearly plan.
Last year, the garment and textile sector grossed an export turnover of more than 31 billion dollars.

The productivity of neighboring countries like Laos and Cambodia has exceeded that of Vietnam. In fact Vietnam’s productivity is only one tenth compared to Singapore’s.

Successfully addressing issues regarding the labor force may provide Vietnam a key to open the door to the world amid the fast-paced industrial revolution.

Vietnam has a target of 35 billion dollars in total textile and garment export value for this year. Enterprises have been asked to fully exploit the working capacity of their workers as well as restructure their management practices to improve labor productivity.

Besides maintaining and developing export markets, enterprises are focusing on developing new markets, including linkages with the distribution system in the local market.

In order to deal with the possible crisis brought by the fourth Industrial Revolution, Vietnamese firms proactively conduct training sessions in order to improve their human resources’ capacity.

Incentives are being given to encourage firms to invest in technological advances. Workers’ welfare is also of focus to boost productivity sustainably.