Vietnam’s garment industry has been a key development target in the industry in recent years, especially export clothing. Overseas demand is increasing. In addition, as an underdeveloped country, Vietnam can obtain tax-free or tax-reduced export treatment, and its price advantage is relatively high. powerful.
The reporter learned that at the Vietnam Textile Summit held in Hanoi recently, Nguyen VanTuan, chairman of the Vietnam Cotton and Textile Association (VCOSA), said that by 2030, the scale of clothing production in Asia will expand by 2.4%, accounting for 60% of global clothing production.
Tuan believes that free trade agreements signed with some countries such as South Korea will turn Vietnam into a major global apparel production base, providing a golden opportunity for Vietnam’s domestic apparel industry.
In order to effectively seize these opportunities, Dang Phuong Dung, vice chairman of the Vietnam Textile and Garment Association, called on the government to take corresponding measures to vigorously attract investment in some economically weak areas. In addition, clothing manufacturers should also strengthen ties with raw material suppliers.
At the summit, some textile and apparel groups and industry insiders shared the latest information on the world apparel market, favorable opportunities, and investment tendencies of international apparel companies.
Julia K Hughes, chairman of the American Fashion Industry Association, said that once the TPP comes into effect, it will bring huge development opportunities to Vietnam’s garment industry, and many American companies will be willing to cooperate with it.
According to VCOSA, nine years after joining the WTO, Vietnam’s clothing market share in the United States has increased from 3% to 10%, second only to China.
Last year, Vietnam’s clothing exports to Europe, the United States, Japan and South Korea increased by 17%, 12.5%, 9% and 27% respectively.
Asia’s apparel production will account for % of global
Vietnam’s garment industry has been a key development target in the industry in recent years, especially export clothing. Overseas demand is increasing. In addition, as an underdeveloped country, Vietnam can ob…
This article is from the Internet, does not represent Composite Fabric,bonded Fabric,Lamination Fabric position, reproduced please specify the source.https://www.yjtextile.com/archives/11224