On 02/08/2018, at building No. 10 Nguyen Hue, District 1, Ho Chi Minh City. The Vietnam Textile and Apparel Association (VITAS) in cooperation with the Import-Export Department of the Ministry of Industry and Trade held a workshop on "The CPTPP and EVFTA - Impacts on the Vietnam Textile and Garment Industry". - The President of Vietnam Textile and Apparel Association (VITAS) attended and delivered the opening speech.

The purpose of the workshop was to provide information to enterprises on the situation of Vietnam's garment sector, the basic issues of the TPP, EVFTA and its implications for Vietnam's textile and apparel industry. More than 80 delegates from textile and garment enterprises in the South attended the workshop.

Conference scene

Speaking at the opening ceremony, VITAS President Vu Duc Giang briefed the textile and apparel industry in the first six months of 2018, the opportunities and challenges for garment enterprises in the coming time. . According to Vu Duc Giang, although both TPP and EVFTA have not been officially entered into force yet, they have created a great attraction for foreign investors in the textile and garment supply in Vietnam. In the first 6 months of 2018, Vietnam garment and textile industry has attracted USD 2.8 billion from FDI, bringing the total amount of foreign investment into the industry about USD 17.5 billion.

Mr. Vu Duc Giang - President of VITAS speech opening

On the long-term strategy, Giang analyzed the five elements that the business community must pay attention to. It is a must to train resources, if the business community does not care, there will be insufficient resources on the playing field. Secondly, it is necessary to shift the production, to do from the design, the raw materials in the country to get the benefits of these FTAs. The third is to build a co-operative chain. Fourth is effective implementation of investment projects, effective investment. Fifth, it is necessary to invest in technology, have a strategic solution, otherwise it will not meet the demand more and more demanding.

Mr. Vuong Duc Anh - Import-Export Bureau, Ministry of Industry and Trade

At the seminar, delegates heard Mr. Vuong Duc Anh, Head of the Trade Promotion Department of the Import-Export Department of the Ministry of Industry and Trade, briefly introduced the contents of the two agreements, CPTPP and EVFTA, and related issues. The textile and apparel industry, especially the rules of origin, short supply, self-certification of origin, safeguard measures, registration program of textile and garment enterprises ... After forecasting the prospects of some markets In the CPTPP and EVFTA, Mr. Vuong Duc Anh said that the opportunities for Vietnam's textile and apparel industry when these agreements are valid are enormous. However, in order to benefit from these FTAs, Vietnamese textile and garment enterprises have to overcome many difficulties and challenges. Mr. Vuong Duc Anh also advised enterprises to take the initiative in developing business plans in medium and long term, Adjust the supply of raw materials to meet the origin requirements of each market. In the context of global trade liberalization, the competitive advantage of tariffs is only periodic, Vietnamese enterprises need to rapidly innovate in order to be able to participate in the global production and value chain. can develop sustainably.

Delegates at the conference

Through the workshop, most delegates also agreed that the opportunity to expand export markets thanks to the FTA is very large, but the opportunity turn into reality depends on the strategy of each enterprise. Therefore, each enterprise should self-actively learn information, commitments in the FTA to determine the investment strategy, business solutions are appropriate and effective. At the same time, businesses also need to strengthen cooperation and cooperation to enhance the competitiveness of each company as well as the textile and garment industry in Vietnam.

According to vietnamtextile.org.vn