Wool Sourcing Guide Vietnam Vietnam
WOOL SOURCING GUIDE VIETNAM VIETNAM The Vietnam textile industry is the third largest apparel exporter in the world accounting for 6.3 per cent of world apparel exports in 2019. Once mainly a cut and sew supplier, Vietnam now boasts a robust wool supply chain including spinning, weaving, knitting and whole garment manufacturing. HANOI This vertical integration means designers, brands and HAI PHONG buyers can source all their garment requirements from the one country, cutting out logistical times and dealing with many suppliers. CAPITAL CITY: Hanoi AREA: 329,560 Sqkm POPULATION: 96.46 million (2019) DA NANG LANGUAGE: Vietnamese (official), Chinese, English, and French HOI AN RELIGION: Buddhism, Taoism, and Catholic CLIMATE: North Vietnam has a Southern Mediterranean QUY NHON climate and South Vietnam has a tropical monsoon climate type. MAJOR PORTS: Cam Pha, Da Nang, Haiphong, Ho Chi Minh, NHA TRANG Phu My, Quy Nhon DA LAT ECONOMY: Since early 2000, Vietnam has been progressively moving away from a centrally planned economy to a socialist- HO CHI MINH CITY oriented market economy. CURRENCY: The Vietnamese Dong (JUN 2015: 1USD = 21,673VND) THE WOOLMARK COMPANY AND VIETNAM The Woolmark Company (TWC) first identified Vietnam as an emerging manufacturing hub for wool textiles in 2012 when the Vietnam textile industry begun to focus on moving toward high quality products and production. Since then, we have been working closely with partners throughout the supply chain and currently collaborate with more than 90 partners including flatbed knitters, circular knitters and garment making companies. We have transferred technical knowhow about the manufacturing of wool products, disseminated information about sources of raw materials, chemicals and machines, and organised international trade missions to connect our project partners with buyers.
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