Enhancing operational efficiency of Vietnamese textile and garment enterprises in the context of the new EVFTA

Abstract

The textile and garment industry is one of the main export sectors of Vietnam, contributing significantly to the economic growth of the country. From the beginning, the textile and garment industry is developing day by day and there are changes to adapt to new economic conditions. The EVFTA is considered to be a boost for Vietnamese textile and garment enterprises with many opportunities and challenges. In the new context, these firms need to have more positive changes to take advantage of opportunities that the Agreement brings to improve operational efficiency. This article analyses the opportunities and challenges that the EVFTA brings to the Vietnamese textile and garment enterprises. In addition, empirical research is applied to study the factors affecting the performance of enterprises in this sector, to find out solutions to them improving operational efficiency in the context of the new agreement taking effect.