Apparel Online India Magazine May 1-15, 2019 | Page 52

BEYOND INDIA
Vietnam Govt. proposes strategies for
development to textile firms
As part of a workshop held
in Ho Chi Minh City, garment
and textile companies in
Vietnam have proposed ideas
and suggestions to help them
build strategies for sustainable
development. While addressing
the workshop, Truong Van Cam,
Secretary General, Vietnam
Textile and Apparel Association
(VITAS), said Vietnam’s textile
and garment exports earned
US $ 36 billion in 2018 (16% up
from 2017) and is now focused on
achieving US $ 40 billion in 2019.
With the first quarter of 2019
already witnessing Vietnam’s
apparel and textile exports earn
nearly US $ 7.3 billion, it will be
no surprise if the country exceeds
the projected target much before
the year ends.
He further added that the
Comprehensive and Progressive
“Improving quality of
products and reducing
the cost of production
were key to enhancing
competitiveness locally and
globally.”
– Vo Tan Thanh, Director, Vietnam
Chamber of Commerce and Industry
(VCCI), HCM City Branch
Agreement for Trans-Pacific
Partnership (CPTPP), which
officially became effective on
30 December 2018, is expected
to create a driving force for the
country’s garment and textile
sector in 2019 and in the years
to come. Cam said that one of
the major challenges for the
industry was compliance with
rules of origin and the companies
need to actively work on this.
Besides, there were talks on
how businesses should adhere
to environmental protection
regulations. Corroborating on
the same, Cam urged all garment
and textile firms to focus on
circular economy wherein they
should save water and energy
during the manufacturing stage.
He also urged firms to move from
‘made-to-order’ products to self-
created goods so as to make the
industry more sustainable.
Indonesia emerges as the fastest growing
global e-commerce market
Growing incomes, increasing
awareness, high aspirations and
technological advancements are
some of the few things that are
helping the e-commerce market
to grow big every year. In a latest
52 Apparel Online India |
worldwide study by the PPRO
Group, Indonesia, Mexico and
the Philippines have emerged as
the fastest growing e-commerce
markets. The clothing retail and
footwear sectors were reported
MAY 1-15, 2019 | www.apparelresources.com
as the major contributors for the
e-commerce growth. The new
research reveals that Indonesia,
with an online population of more
than 103 million, has topped
the ranking for the country with
the fastest growing e-commerce
industry. The study also revealed
that Indonesia witnessed a surge
of 78%, dominating especially in
the travel and clothing sectors with
17.7% and 11.9%, respectively, and
the average online spending was
US $ 228. Taking the similar route,
Mexico and the Philippines made
an entry with 59% and 51% growth,
respectively. Taking the second
position, Mexico has been seen as
a burgeoning powerhouse in the
online sphere with US $ 16.22 billion
in e-commerce spending and an
overall growth of 59%. Mexicans
spend on an average US $ 819,
mainly on travel, electrical goods
and clothing. Similarly, the growth
across the consumer electronics
and clothing retail sectors, along
with the consumers spending on
average US $ 53 online, helped
the Philippines to grab the third
position. Along with this, India with
27%, Colombia with 45%, the UAE
with 33% and China with 27% are
some of the other fastest growing
e-commerce markets in terms of
percentage growth, as per the study.
In the European Union, e-commerce
is growing by 16% per annum on
an average. While Brexit continues
to cast a shadow of uncertain
trading relationships between
the EU and British businesses,
the latest findings from PPRO
demonstrates a clear opportunity
for British retailers to explore other
alternative global markets.