Production line of Jasan Textile and Dyeing Vietnam. Policies are needed to attract investments in dyeing and weaving to increase the supply of materials for the production of garments for export. (Photo: VNA/VNS)The textile and garment industry's local procurement reached a record high rate of 57 % in the first eight months of this year, approaching the target of 60% set for 2025, Le Tien Truong, chairman of the Vietnam National Textile and Garment Group (Vinatex), said.He added that this is a big improvement as the rate had remained at around 50% for a long time.Vinatex’s report also revealed that the whole industry's export revenue between January and August was worth 30.2 billion USD, a rise of nearly 20% over the same period last year and the highest growth rate of the past decade. It was estimated that the industry ran a trade surplus of around 17 billion USD in the eight months.Truong said that among textile and garment exporting countries, Vietnam was the earliest to ease restrictions for normal operation after the COVID-19 pandemic compared to Bangladesh, India and China, which enabled the country to grab the opportunity to promote garment exports.However, challenges remain for the rest of the year, he said.He pointed out that other exporting countries are also applying similar policies to promote post-pandemic recovery and resume normal production and business. The Vietnam Trade Office in Sweden recently said that the EU and other Nordic countries such as Norway and Iceland are requiring the textile and garment industry to develop more sustainably and circularly.These countries set stricter requirements for natural and synthetic fibres, which must be organic, recycled or of biological origin.
