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Vietnam Textile and Garment Standard Report Q2/2016
- VR019
- Slides: 86
- June 2016
- Total Views:2578
- Region : Asia
- VIRAC
- Market Research Report
About the Report
About the Report
A severe decline of textile industry in 2009 caused by the global crisis has brought both advantages and disadvantages for Vietnam. Hence, this report comes up with in-depth analysis of Textile and Garment worldwide and Vietnam after the financial crisis. In the next five years, the emerging markets with large size of population such as China and India are expected to increase significantly in both demand and supply quantity, whereas the figures for developed countries are estimated to decelerate. The factory shift from China to Vietnam also accelerates thanks to political stability and cheap labor cost. This situation offers Vietnam a valuable opportunity to boost the textile and clothing export turnovers in the upcoming years.
VIRAC's researchers feature comprehensive outlook of Vietnam textile and garment industry in recent years by covering all contributing factors, including macroeconomics situation, related government policies, the projected effect of FTAs, and the nature of the industry. Among the recent foreign trade agreements, TPP, VKFTA and EVFTA are the most influential to the industry. Together with the attractive tax reduction from strategic partners, Vietnam has to deal with restricted rules of origin, labor standards, and technical trade barriers. In order to enjoy the tax incentives, Vietnam needs to enhance domestic production capacity, especially in some weak stages, to achieve sustainable growth.
The report uses a value chain approach to Vietnam's Textile and Apparel industry. Vietnam mainly has advantages in sewing and spinning stages which are relatively labor-intensive and bring low added-value. Moreover, in several years, it still faces shortage of raw materials and mostly depends on imported sources. Local production of cotton, fibers and fabrics fail to meet the demand of domestic clothing manufacturing companies in terms of both quality and varieties. Though being one of the biggest apparel exporters in the world, the industry only contributes a small percentage to Vietnam's annual GDP. Domestic apparel market is small, estimated to be 3 billion USD, and dominated by foreign goods. Only a few local companies succeed in building their brands and distribution network since most enterprises are yet to pay sufficient attention to R&D.
Additionally, extensive analysis and forecasts are contained for the period 2016 until 2020. The report also points urgent goals of Vietnam and compares the financial performance of leading enterprises in domestic apparel market between 2013 and 2014.
This report covered key points:
Root elements that affect deeply business environment.
Detailed data on all fields of Vietnam textile industry and the global garment market, including but not limited to:
World T&G trade, Cotton, Fibers, Fabrics production and consumption;
Labor cost of some main processing countries (India, China, Vietnam, etc.);
T&G trade among TPP countries;
Average import/export tax of TPP's countries;
FDI structure in textile industry;
Vietnam's T&G export turnovers;
Domestic production and consumption of cotton, fibers/yarns, fabrics, apparel, etc.;
Total export/ import value of Vietnam;
Financial statements of leading domestic players in the industry.
Textile and Garment Value Chain.
Industry's Potentials and challenges of Vietnam based on particular strategy models.
Products
Products
Vietnam Textiles Industry
Companies
Viet Tien Corporation
Nha Be Garment Corporation
Hoa Tho Textile and Garment Corporation
Song Hong Garment JSC
May 10 Corporation
Duc Giang Corporation
TNG Investment and Trading JSC
Sai Gon Garment Trading Manufacturing JSC
Dong Nai Garment Corporation
Phong Phu Corporation
Thanh Cong Textile Garment -Investment -Trading JSC
Viet Thang Corporation
Century Synthetic Fiber Corporation
Hue Textile Garment JSC
Table of Contents
Table of Contents
List of abbreviations
Executive Summary
I. Business environment
1. Macroeconomic situation
Figure 1. Vietnam GDP and GDP growth rate
Figure 2. GDP per capita and GDP per capita growth rate
Figure 3. Vietnam total import value
Figure 4. Vietnam total export value
Figure 5. VND/CNY exchange rate
Figure 6. Main import products from China in 2015
Figure 7. Main import products from China in 2015
Table 1. Oil refine projects currently built in VN
Figure 8. Vietnam retail sales
Figure 9. Share of modern retail in total retail
Table 2. Top retailers in Vietnam market
2. Government Policies Relating to the industry
Table 3. Vietnam's import tariff before and after WTO
II. Industry Overviews
1. Global Textile and Garment Industry
1.1. Global Textile and Garment Value Chain
1.2. Spinning
Figure 10. Global yarn production and consumption
Figure 11. Cotton, cotton yarn and polyester filament indices
Figure 12. Fiber application of the world in 2014
Figure 13. World fiber trade 2010-2014
Figure 14. World fiber export structure in 2014
1.3. Weaving, dyeing and finishing
Figure 15. World fabric production in 2014
Figure 16. World fabric trade in 2010-2014
1.4. Sewing
Figure 17. Global textile and apparel market size
Figure 18. Global Textile and Apparel trade
Figure 19. Top 10 T&A exporters
Figure 20. Top 10 T&A importers
Figure 21. Global T&A trade breakdown
Figure 22. Global apparel trade
Figure 23. Apparel market size by countries
Figure 24. Spending on apparel per capita
Figure 25. Average wage in textile sector 2014
Figure 26. Minimum wage 2016
2. Vietnam's Textile and Garment Industry
2.1. Overview
Table 3. General Information of Vietnam's T&G industry
Table 4. Textile and Garment enterprises of Vietnam
Figure 27. Geographical distribution of textile businesses
2.2. Spinning
Figure 28. Fiber production in 2010-2014
Figure 29. Fiber consumption volume and value in 2010-2014
Figure 30. Vietnam fiber and yarn exports
Figure 31. Yarn and fiber export by countries
Figure 32. Yarn and fiber import by countries
Figure 33. Number of spindles, rotors of Vietnam
Table 5. Vietnam's synthetic fibers companies
2.3. Weaving, dyeing and finishing
Figure 34. Vietnam's fabric production during 2010-7M/2015
Figure 35. Vietnam fabric consumption
Figure 36. Vietnam fabric production by inputs
Figure 37. Fabric import by countries/regions
Figure 38. Vietnam fabric export and import
Table 6. Selected Textile Dyeing Wastewater indicators
2.4. Sewing
Figure 39. Apparel production 2010-6M/2015
Figure 40. Domestic apparel market share
Figure 41. Vietnam apparel export
Figure 42. Apparel exports of FDI and domestic businesses
Figure 43. Apparel export structure in 2014
Table 7. Shipment/delivery periods of selected countries
Figure 44. Inventory indexes of textile and apparel industry
III. Industry's potential and risk analysis
1.1. Industry's development plan
Table 8. Some criteria of T&G industry's development plan
1.2. Forecast and potential assessment
Figure 45. Vietnam T&G export turnover forecast
VI. Industry's key players
1. Key players in Garment Industry
Table 9. Top 09 enterprises with the highest Total asset value of Vietnamese textile industry
Figure 46. Net revenue 2014-2014
Figure 47. Gross profit 2013-2014
Figure 48. Net profit 2013-2014
Figure 49. Financial cost 2013-2014
Figure 50. Cost of sales 2013-2014
Figure 51. General and administrative expenses 2013-2014
Figure 52. Asset structure 2013-2014
Figure 53. Debt structure 2013-2014
Figure 54. Account Receivables 2013-2014
Figure 55. Inventory 2013-2014
Table 10. Liquidity and Profitability of nine selected garment enterprises
Table 11. Cash flow of 9 enterprises in 2013-2014
Table 12. Cash conversion cycle of 9 enterprises in 2014
2. Key players in Textile Industry
Table 13. Top 05 textile enterprises of Vietnam with largest net revenue (VND billion)
Figure 56. Net revenue 2014-2014
Figure 57. Gross profit 2013-2014
Figure 58. After tax profit 2013-2014
Figure 59. Financial cost 2013-2014
Figure 60. Cost of goods 2013-2014
Figure 61. General and administrative expense 2013-2014
Figure 62. Asset structure 2013-2014
Figure 63. Liabilities structure 2013-2014
Figure 64. 2013-2014 Accounts receivable
Figure 65. 2013-2014 Inventory
Table 14. Some financial indicators
Table 15. Cash flow
Table 16. Cash conversion cycle
V. Conclusion
Reference
Appendix
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