Bangladesh’s Garments Industry : a SWOT Analysis and Comparative Study with Vietnam

다국어 초록 (Multilingual Abstract)

Garments industry is considered the life line of the economy and an important area in the development policy of Bangladesh. Bangladesh has set its vision in 2014 to achieve 50 billion US dollar exports earnings from garments sector by 2021.In recent years; global clothing export market has become very competitive. On the other hand, the growth of Bangladesh’s garments sector has been surrounded by a number of difficulties. This study has identified several issues linked to weak infrastructures, low labour productivity, poorly performed compliance, instability in politics as the key challenges to achieve the goal .After analyzing the rapidly growing garments industry of Vietnam, the findings have suggested that only based on low wage rate, cheaper price and better market access facilities, garments sector could not gain expected growth rate. Like Vietnam, Bangladesh’s garments exporters and Governments policy makers should take necessary steps in order to reduce lead time and power crisis, increase labour productivity, and improve compliance standards and political situation.

목차 (Table of Contents)

• Chapter 1: Introduction 1
• 1.1 Introduction 1
• 1.2 Purpose of the study 1
• 1.3 Research questions 2
• 1.4 Research method 2
• 1.5 Scope of the study 2
• 1.6 Limitation of the study 3
• 1.7 Significance of the study 3
• Chapter 2: Literature Review 4
• 2.1 Literature review 4
• 2.2 SWOT analysis 5
• Chapter 3: Garments Industry of Bangladesh 7
• 3.1 Overview 7
• 3.2 The rise of garments industry in Bangladesh 7
• 3.3 Export market for garments of Bangladesh 10
• Chapter 4 : SWOT Analysis of Bangladesh’s Garments Industry 12
• 4.1 Strengths 12
• 4.1.1. Cheap labour wage 12
• 4.1.2. Competitive price 14
• 4.1.3. Strong capacity 15
• 4.2 Weakness 16
• 4.2.1Weak infrastructure 16
• 4.2.2 Poor compliance 18
• 4.2.3 Low labour productivity 20
• 4.2.4. Dependency on imported raw materials 21
• 4.3 Opportunities 23
• 4.3.1 Favourable market access facilities 23
• 4.3.2. China’s shifting from garment production 24
• 4.4 Threats 26
• 4.4.1. Political instability 26
• 4.4.2 Increased competition from other countries 27
• 4.5 Summary of findings 31
• Chapter 5 :Vietnam’s Garments Industry-A comparative study with the key advantages and challenges for the garments industry of Bangladesh 33
• 5.1 Overview of Vietnam’s garments industry 33
• 5.2 Comparing key advantages for garments industry of Bangladesh with Vietnam 35
• 5.2.1 Cheap labour wage 35
• 5.2.2 Competitive price 36
• 5.2.3 Favourable market access facilities 37
• 5.3 Comparing key challenges for garments industry of Bangladesh with Vietnam 40
• 5.3.1 Weak infrastructure 40
• 5.3.2 Poor compliance 42
• 5.3.3 Low labour productivity 43
• 5.3.4 Dependency on imported raw materials 44
• 5.3.5 Political instability 48
• Chapter 6: Findings & Conclusion 51
• 6.1: Findings 51
• 6.2: Conclusion 53
• References 54