“Vietnam’s Industry 4.0: Transforming Garment Manufacturing”
Introduction to Vietnam’s Garment Manufacturing Industry Vietnam’s garment manufacturing sector is a powerhouse driving the nation’s economy, contributing significantly to GDP and employment. In 2023, authorities raised the minimum wage for workers in Ho Chi Minh City to approximately $190 per month, up from $180 in 2022. This places Vietnam as a global leader in textiles […]
Strengthening Bangladesh’s GMT Sector through Capacity Building
Vision 2030 for Bangladesh Gmt Sector $100 billion Considering our world’s reliance on fashion and sartorial expressions, have we ever reflected on the industry that propels it forward? Third-world countries like Bangladesh, known for their inexpensive labor, play a significant role in manufacturing these garments. Let’s dive deep into the intricacies of this industry in […]
Backward Linkage in Bangladesh
Introduction Bangladesh’s garment manufacturing industry stands as a true economic powerhouse. It’s the second-largest apparel exporter globally, boasting a staggering $84 billion in exports for 2023 (BTMA, 2024). This remarkable achievement can be attributed to a combination of factors, but one often-overlooked element is the crucial role of backward linkages. Imagine the garment industry as […]