Abstract
Vietnam is currently among the top-five textile and apparel exporters, and the industry is considered quite attractive to foreign investors. Nevertheless, the global textile and garment industry is experiencing important changes. The three main producing regions in the world are China, Southwest Asia (India, Pakistan, Bangladesh, and Turkey), and ASEAN. In order to maintain its positioning and to establish stable and sustainable Vietnam textile and apparel development, there must be radical changes. Due to this necessity, the authors conducted this study by using grey forecasting to predict and reflect the condition of businesses in the period of 2017–2020, together with combining a DEA model to help businesses select the most appropriate strategic partner in the supply chain in order to achieve economic goals and promote the strength of the businesses partaking in the association. Besides, this helps businesses exploit market opportunities and take advantage of the capabilities of the textile and apparel industry.
Highlights
We did not choose other enterprises because of this reason: the company scale is small, the uptime does not align with the data requirements, and the business data of those companies do not match with the demand of grey theory model that we used in this research
In the super-slacks-based measure of efficiency (SBM)-IV model, strategic partners will be selected for decision-making units (DMU) in the future
Authorities can rely on these research results to make the correct and appropriate strategic decisions in helping Vietnam’s textile and apparel industry to develop when integrating with the global economy
Summary
Overview of Vietnam’s Textile and Apparel Industry. After more than 20 years of continuous development with an average growth rate at 17% per year, the textile and apparel industry has become a major economic industry and is a leading export industry in Vietnam, accounting for 10%–15% gross domestic product (GDP) [1]. By the end of 2014, there were 5,214 textile and apparel companies in Vietnam with the majority of those being small- and medium-sized companies. Garment companies accounted for the largest share (84%), followed by textile and spinning companies (15%). Vietnam was one of the top 10 textile exporters in the world with the market share at 3.1% in 2014. Foreign direct investment (FDI) enterprises represented only 25% in the volume, they contributed to more than 65% of Vietnam’s export turnover [2]
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