Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News Vietnam’s textile and apparel industry is working hard to transform its production model

Vietnam’s textile and apparel industry is working hard to transform its production model



According to a report by “Vietnam News” on November 3, Vietnam’s textile and apparel industry is working hard to transform its production model and gradually shift to FOB and ODM models, there…

According to a report by “Vietnam News” on November 3, Vietnam’s textile and apparel industry is working hard to transform its production model and gradually shift to FOB and ODM models, thereby maintaining its status as the world’s major textile and apparel producer. However, Vietnam’s textile and garment industry has deficiencies in three aspects: product research and development, marketing and industrial chain connection. If Vietnamese companies want to develop the ODM model, they must make up for the above shortcomings. From January to September this year, Vietnam’s textile and garment industry exports were approximately US$18 billion, a year-on-year increase of 19%, and imports were approximately US$11 billion. The industry relies heavily on imported raw materials, and Vietnam itself can only meet 1% of cotton demand and 20.2% of textile material demand. In the past few years, Vietnam’s textile and garment industry has continued to improve the investment environment, provide preferential policies, expand cooperation and attract investment. At the end of April this year, Vietnam’s Ministry of Industry and Trade approved the “Textile and Garment Industry Development Plan 2020-2030”, which aims to expand textile and apparel exports, meet domestic demand, expand employment, enhance industry competitiveness, and firmly integrate with the region and the world. economy to integrate.

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