After Vietnam joined the World Trade Organization (WTO), its textile and garment industry has emerged with many opportunities to access technology, information and services as well as better management practices and equality of tariffs between member countries. With its own advantages, such as political stability, productivity, low labour costs, diversity of garments, Vietnam’s textile industry has increasingly gained reputation in the world market.

A study of the Organization for the Promotion of Exports from developing countries to the EU (CBI) under the Ministry of Foreign Affairs of the Netherlands revealed that the growth rate of textile exports from 2005 to 2011 in Vietnam reached the world’s highest with 32 per cent, while China was 15 per cent, India 10 per cent, Turkey, Malaysia and Thailand reached 7 per cent.

According to information from enterprises of Vietnam Textile and Garment Group, orders for rest of the year is quite optimistic. Furthermore, after the TPP, the opportunity to increase the market share in export is wide open for Vietnam textile and garment industry.