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General Director of Vinatex Textile and garment industry needs a dynamic market

10-02-2018

Recently in Hanoi, the Ministry of Industry and Trade held the Trade Counselor Conference (CER) in 2018. The conference brought together representatives of key industries and enterprises in the country. Vietnam Textile and Garment Group (Vinatex) has presented its opinion on promoting market for the sector.

At the meeting, Prime Minister Nguyen Xuan Phuc emphasized that in the overall result of the country last year, there was an important contribution of the industry and trade in general, the contribution of representatives of Vietnam Trade Representative (TVVN) in In particular, as well as the direct contribution of Vietnamese enterprises. On behalf of the Government, the Prime Minister praised and appreciated the efforts of the TVVN; At the same time, the production capacity of Vietnam is very large, but now has difficulties in the market, output. Therefore, we must find new markets, the new demand of the economy to enhance exports. In particular, TVVN plays a very important role.

In the context of the industrial revolution of 4.0, the market must understand in broad terms the source of the country's resources, such as services, capital, human resources, and labor. Technology, markets of goods and services of Vietnam. Vietnam should focus on solutions to take advantage of the FTA to bring Vietnamese goods to the local market as well as mobilize domestic enterprises to cooperate with Vietnamese enterprises. To coordinate with one another in settling problems arising in the course of implementing the FTA. Working with the ministries and trade management agencies of the host country to make early warnings of potential commercial disputes to take measures to deal with and minimize trade disputes.

Mr. Le Tien Truong - General Director of Vietnam Textile and Garment Group (Vinatex) on behalf of the industry of DMVN, said at the conference. The speech of General Director of Vinatex attracted attention in the issue of bridging market development. In particular, emphasizing the opening up of the integration period, Vietnam's integration into the international economy plays a very important role for Vietnam's textile and garment industry. This has been proven through the growth of Vietnam's textile and garment exports in the past 20 years: in 2001, the textile and garment export turnover in Vietnam reached $ 2 billion, thanks to the BTA with the United States. Vietnam's textile and garment export growth has averaged $ 1 billion a year, reaching $ 6.5 billion in 2006; Thanks to WTO accession and the ASEAN-Japan, ASEAN-Korea FTA, Vietnam's textile and garment export turnover has increased by an average of $ 2 billion a year, including during the 2008- By the end of 2017, Vietnam's textile and garment export turnover will reach US $ 31.3 billion, accounting for 15% of the total export turnover of the country. With the above growth rate, Vietnam garment exports are among the top five countries in the world, with the second largest market share in the United States, Japan and Korea, ranking fifth in Europe. . To achieve this, the role of information system in the US, Japan, Europe and Korea, not only in terms of market but also in terms of policies of the country, plays a very important role for domestic garment enterprises. At present, Vietnamese garment enterprises have a strong relationship with customers in these markets.

In order to help Vietnam's textile and garment industry to grow, increase its market share in traditional markets, and expand its exports to potential new markets, the Vietnam Textile and Garment Group would like to:

For traditional markets of the United States, Europe, Japan, Korea and China: there should be updated and forecasted policies of the host country, especially tax policies, policies and standards. environment / product standards. For the Chinese market, specific information on cotton stockpiling policies, their sector development strategies, environmental protection policies, and the flow of production forecasts should be added to the Chinese market.

For new markets: the CPTPP agreement will be approved in March, 1818, opening up new opportunities, especially in two large markets, Australia and Canada. Therefore, the proposal of trade in the country is very interested in helping businesses access to the market as soon as possible, taking advantage of immediately orders fall in winter 2018 (ordered for the month of 5.6 2019) will take place around July 7-8 / 2018.

For the Russian and European Union countries: In the past two years, Vietnam's textile and garment exports to these markets have enjoyed good growth thanks to the VN-EAEU FTA but the scale is small. , less than $ 200 million. Therefore, it is necessary to support the trade so that Vietnam's textile and apparel industry can exploit these markets better.

For new product development: besides clothing, Viet Nam textile and garment industry has had many other competitive advantages such as home textile, yarn, denim with good design capacity (currently outsourcing to large firms). We are looking forward to cooperating with other countries to promote products and services to the market.

For technological development: besides finding customers and markets, the Vietnamese textile and garment industry also needs to find suppliers of robotic equipment under CMCN 4.0. At present such devices have been produced much

Source vinatex.com