Abstract
The impressive growth of the Vietnam textile and apparel industry has led to some concerns due to its insufficient value chain and fierce competition within the industry. Thus, performance evaluation is significant issue to estimate the values of companies over time. Firstly, the grey prediction is used to forecast future data for 20 largest enterprises in six years (2016–2021) based on actual indicators. Then, the paper uses Malmquist productivity index and its decomposition into efficiency and technical change to measure the past productivity growth. Finally, window analysis is applied to significantly detect the trends of performance in 12 years (2010–2021) from large number of inputs and outputs. The results are found that how technology changes is the determinant for productivity growth and undeveloped technology causes a huge barrier to industry. In addition, the results are illustrated that textile companies are predicted to be more stable due to the importance of supplying materials for the entire industry. This paper aims to prove in-depth analysis can be conducted through combined models and also provide some recommendations for enhancing the sustainability performance of the industry.
Highlights
Over the last two decades, Vietnam textile and apparel industry has shown great growth
Grey prediction is based on grey model (GM) and it has three basic operations: accumulated generating operation (AGO), inverse accumulated generating operation (IAGO) and grey modeling
According to Vietnam Textile and Apparel Association, these enterprises are considered to have the largest scale reflected by revenue in 2015
Summary
Over the last two decades, Vietnam textile and apparel industry has shown great growth. The industry has penetrated into the world market, and as an industry has for many consecutive years ranked very high in terms of major export products. This sector is outperforming its regional rivals, and many foreign organizations have invested into Vietnam to benefit from this potential market. The industry includes about 6000 companies, with nearly 2.5 million people involved, accounting for about 25% of labor in the industrial sectors, and contributes around 10–15% of the national GDP per year [1]. Compound Annual Growth Rate (CAGR) of the industry has increased 21.6% per year in the period 2010–2016, which has made Vietnam the fourth largest textile and garment exporters in the world [2,3]. According to Vietnam Textile and Apparel Association (VITAS), the main components of its value chain include tight connection
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