Although it is possible that the current textile and garment industry is only bringing modest wages to many workers, imagine if the textile and garment industry in Vietnam were not as developed as it is now, a few million people would be employed. Where will you go, what will you do and how will you live in this industry?

For a long time, we often hear a lot of complaints and warnings from many people inside and outside the industry that the textile and garment industry only brings relatively low added value, because it mainly relies on outsourcing.

Factors to Consider When Choosing Textile

Third, the textile and garment industry is also one of the initial and necessary foundations to be able to create a transformation within the economic structure of almost any developing economy. laborers with low qualifications and skills, cheap as in Vietnam in recent decades. Even the “dragons of Asia” such as Hong Kong and Taiwan used to have a thriving textile industry

Leading Set Textile Industry

And even if it is an industry that only brings low added value, the textile industry is still a “promising land”, a fiercely competitive battleground with many developing countries like Vietnam, Cambodia, Bangladesh, Sri Lanka, Pakistan, and Myanmar too… Not many developing countries are looking down on, denying the opportunity to develop this industry if any.

“Since more than 40 years, Extice is operating in the textile market manufacture and trader. As years go by, the range of produced textiles has been increased, besides the regular production became the largest exporter.”

Aaliyah Brown

Benefits of Investing in Textile Industry

In other words, Vietnam’s textile and garment industry has been contributing more and more important to what many people have been and are seeing. This role and contribution is expected to be much higher when TPP comes into effect.