Vietnamese Clothing Will Change The Industrial Chain Pattern And Enhance Self-Sufficiency.

Over the years, Vietnam has been at the very end of the global apparel production chain: tailoring, sewing and exporting.

Dang Phoung Dung of Vietnam textile and Apparel Association said that because Vietnam's role in the global supply chain is very small, the added value of products is also very low.

Apart from having a large number of cheap labor force, it has little influence in the world supply chain.

As manpower costs become more and more expensive, this advantage is also weakening, though

It will bring a large amount of tariff relief to Vietnam's exports, which will make up for the adverse effects of rising labor costs on exports, but the question is how long this advantage can last.

How to really improve the value of Vietnam in the apparel industry chain is a topic that we all need to explore together.

At present, Vietnam's textile processing plants can only meet the processing needs of 1/5's huge garment industry.

With the deepening of the negotiation of the p Pacific Partnership (TPP), more and more foreign investors are aiming at the opportunity to invest and build factories in Vietnam to enjoy the export brought by the future TPP agreement.

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The TPP agreement includes 12 countries, including the United States. According to the agreement, garments exported to Vietnam and exported to the United States and other member countries will enjoy zero tariff treatment gradually, but their intermediate products, such as fabrics, must be produced in Vietnam or other TPP countries, which naturally excludes China.

This seems to be a great match for Vietnam.

Good, but thousands of small and medium-sized garment factories in China are still heavily dependent on China or other Southeast Asian countries. They can not ensure that they can ride on TPP's free ride and enjoy zero tariff.

The Ho Guom garment factory in Hanoi produces 25 million garments a day, and the clothes are labeled "made in Vietnam", but most of the raw materials are imported from China, because the raw materials are not only expensive but also of poor quality.

Even some raw materials such as zippers are hard to find locally. They have to contact Hu Zhiming, Da Nang, and even factories in mainland China and Taiwan to get samples, so it takes a long time.

The vice president of the factory Phi Ngoc Trinh said so.

Today, Vietnamese enterprises with no capital to invest can only anxiously wait for a large number of domestic or foreign textile mills to invest here so as to improve the domestic textile industry chain and enhance self-sufficiency.