Vietnam's Textile And Garment Industry Is Trying To Transform Its Production Mode.

In November 3rd, Vietnam's textile and garment industry is trying to transform its production mode and gradually transform to FOB and ODM, so as to maintain the status of the world's major textile and garment producing countries. However, Vietnam's textile and garment industry has three links in product development, marketing and industrial chain connection. Aspect There are deficiencies. In order to develop ODM mode, Vietnamese enterprises must make up for these deficiencies. In the 1-9 months of this year, Vietnam's textile and garment industry exports amounted to about US $18 billion, an increase of 19% over the same period last year, with an import volume of about US $11 billion. The industry is heavily dependent on imported raw materials, and Vietnam can only meet 1% cotton demand and 20.2% of textile materials demand. Over the past few years, Vietnam's textile and garment industry has continuously improved its investment environment, offered preferential policies, expanded cooperation and attracted investment. At the end of 4 this year, the Ministry of industry and trade of Vietnam approved the "2020-2030 year textile and garment industry development plan", which aims to expand exports of textile and clothing, meet domestic demand, expand employment and enhance industry competitiveness, and firmly integrate with the local and global economy.

　 RCEP signing will promote Vietnam's textile exports

　　 Vietnam? The website of the Asia Europe Meeting (ASEMConnect) website of the Ministry of industry and trade reported that the signing of the regional comprehensive economic partnership (RCEP) will promote Vietnam's textile exports. RCEP will bring great advantages to Vietnam's textile and garment industry. If Vietnam's exports to Japan, only products originating from ASEAN or Japan can receive tariff relief, but 33% of Vietnam's clothing materials are unable to enjoy preferential tariffs stipulated in the ASEAN Japan FTA because of the origin of China. RCEP's implementation of a unified tariff preference will help solve similar problems. In 2012, RCEP negotiated 46% of the world's population, and GDP accounted for 24% of the world's total. The Asian Development Bank expects that RCEP will increase global GDP by 0.6% in 2025, or $664 billion.