Promote growth

According to Chairman of the Board of Directors of Hung Yen Garment Corporation (Hugaco) Nguyen Xuan Duong, in February and March, the units under the unit faced many difficulties due to the negative impact of the Covid-19 epidemic. -19. Human resources for production are in short supply, production materials are broken, transportation costs are high, which has pushed up production costs. Dynamic and flexible to overcome difficulties, Hugoco's units have maintained stable operations, revenue and profit both increased higher than the same period in 2021; in which, revenue increased more than 20%, profit increased about 10 to 15%.

The source of orders is now filled until the end of September, the company is negotiating and signing contracts with partners until the end of the year to ensure jobs and increase income for employees. Sharing more about the business activities of the business, General Director of Hugoco Pham Thi Phuong Hoa said that in 2022, Hugoco strives to achieve a revenue of about 750 billion dong; pre-tax profit reached 80 billion dong; average monthly income is more than 10 million VND/person. However, due to the unpredictable movements of the market, especially the complicated geopolitical situation of countries around the world, the source of goods in the last months of the year is forecasted to be not as abundant as in previous years. To achieve the set goals, enterprises need to continue to invest, expand production, innovate equipment and technology to promote export of goods.

Similarly, General Director of Garment 10 Corporation, Than Duc Viet affirmed, the number of orders of the unit is relatively abundant, ensuring stable jobs for employees. In addition to orders to meet the season, now traditional items such as vestons and shirts have increased again and there are signed orders until the end of the year. To achieve the total revenue of 3,800 billion dong set out, May 10 continues to invest in modern technological equipment, expand production facilities, improve capacity and increase competitiveness in the market.

According to General Director of Dap Cau Garment, Luong Van Thu, in 2022, the company strives to achieve a revenue of VND 750 billion, a profit of VND 22.5 billion, an average income of VND 11 million/person/month. In the coming time, the corporation will focus on solutions to promote production and improve productivity through investment and upgrading of modern equipment, as well as new investment in factories and new factories in Bac Giang. with 1,500 to 2,000 employees. At the same time, streamline the apparatus, improve management and administration capacity, do well in planning, evaluate markets, customers, train human resources, etc. in order to promptly meet product requirements. export.

Diversify the source of goods

Statistics from the Vietnam Textile and Apparel Association (Vitas) show that the total export turnover of Vietnam's textile and garment industry in the past three months reached more than 10.6 billion USD, up nearly 20% over the same period. This is an impressive growth rate of the industry and by the end of the year it can reach about 48 billion USD, up 6 billion USD compared to the plan.

However, in order to make good use of export opportunities, enterprises must be self-sufficient in the supply of raw materials, meeting the requirements of new-generation trade agreements (FTAs). Recently, the European Commission (EC) has proposed to apply a number of new ecological regulations for textiles and garments consumed in this market, in which, Vietnamese textiles and garments entering the European market must be long life, reusable and repairable. Not only in Europe, the sustainable trend is becoming a global trend, each country has different policies on environmental protection, using different textile products, but they are all aiming for safety, energy saving, and energy saving. Save water, limit chemicals, affect the environment.

Therefore, Vietnam's textile and garment industry must anticipate and change promptly to meet new ecological regulations for textiles and garments consumed in difficult markets, enterprises themselves must invest in infrastructure. meet the standards required by the brand.

Commenting on the issue of sustainable trends globally, the Chairman of the Board of Directors of Hugoco, Nguyen Xuan Duong, affirmed that the diversification of markets and the shift of raw material supply sources to meet the requirements of FTAs ​​are important. very urgent problem. Businesses are facing concerns when the "boycott" of Xinjiang cotton takes place on a large scale and takes effect from June 1. This is a painful issue, especially in the context of the conflict between Russia and Ukraine.

Mr. Nguyen Xuan Duong added that Vietnam's textile and garment industry is having to import about 60% of raw materials and accessories from China, so just fabric imported from China is determined to use cotton from Xinjiang. banned from importing into the US and Europe. Therefore, textile and garment enterprises need to be proactive and diversify their sources of goods to stabilize production as well as work with suppliers to find alternative sources of goods to meet the requirements of the import market. On the other hand, businesses need to focus on research and increase productivity through investment in management, technological equipment, orientation to greening products, ensuring time for fast delivery orders, etc. In addition, the State needs to have supportive mechanisms and policies for businesses to expand markets and sources of goods to promote export of goods.

Vitas Vice President and General Secretary, Truong Van Cam, said that the increasing world consumer demand along with abundant orders in recent years are favorable conditions for businesses to boost production and export. goods. To develop sustainably, businesses must build a new vision and aspire to assert their position. Vietnam's textile and garment industry does not aim to compete for cheap labor but competes on quality, technology, productivity, delivery time, transparency, energy saving, resources and environmental protection. At the same time, the Government soon approved the "Strategy for development of Vietnam's textile, garment and footwear industry to 2030, with a vision to 2035" so that the industry can be self-sufficient in raw materials, meeting the rules of origin of FTAs. , 4.0 technology application, production modernization, digital transformation, branding,...

Articles and photos: MINH DUC