test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Industry News | Time: May 10 2016 8:21AM
Vietnam's export garment producers see decline in orders
 
Text size
Hanoi (VNA) – Producers of export quality garments are facing a reduction in orders, according to the Vietnam Textile and Apparel Association (VITAS).

Vu Duc Giang, VITAS Chairman, said they were considering moving export garment orders from Vietnam to Cambodia, Laos, and Myanmar, because customers of those countries would join the preferential export tax when exporting to the United States (US) and Europe.

Meanwhile, the Trans-Pacific Partnership Agreement (TPP) and Vietnam-European Free Trade Agreement have not yet come into effect. Therefore, partners of Vietnam's export garment producers could not join any preferential tax regime from those agreements.

According to the General Department of Customs, Vietnam gained a year-on-year growth in export values of garments at 7 percent to 7 billion USD in the first four months of this year, lower than the expected rate of 10 percent. Import of materials for export garment production dropped in four months.

Hoang Trong Khang, Deputy Head of the Import and Export Division at the Viet An Joint Stock Company specialising in garment exports to the US, European Union (EU) and the Republic of Korea (RoK), said the company saw reduction in exports to some major markets, including RoK.

In fact, export orders for production in the second and third quarters have reduced by 5 percent to 7 percent against the same period last year, according to the association. The local enterprises were worried about the ability to move export orders of traditional customers to other regional countries in the second and third quarter. That situation would affect exports of enterprises as well as the garment industry.

To take more export orders and set up professional production and business activities, the Vietnam Textile and Garment Group (Vinatex) has developed Vinatex International Joint Stock Company (VTJ) and the Supply Chain Development Center (SCDC).

The two businesses would combine and support member companies of Vinatex to exploit and expand the export market, seek customers and develop a supply chain from material to finished products, Tran Quang Nghi, Vinatex Chairman, said.

So far, the SCDC has had eight regular customers for garment products and been developing 20 customers in the US, the Europe, RoK and Japan.

The centre has had 10 customers for cotton and fibre and has been developing 30 customers of the products in Chile, China, Thailand, and Malaysia, in addition to RoK.

VTJ has had 10 customers and it has concentrated on the US and Japan markets with large export volumes.

Vietnam expected to gain total export value of 30 billion USD for this whole year, which is 3 billion USD more than in 2015.-VNA
Related Articles
Bangladeshi apparel makers vent concern over EU-Vietnam FTA
Trade war, political uncertainties alter us apparel supply chain
Cotton target price subsidy to be released in Xinjiang
Xinjiang exports 6.467 billion yuan of textiles and garments in Q1,
Economic operation of printing and dyeing industry in Jan-Mar 2019
Indian textile and apparel exports grow in FY19
Russia’s technical textiles industry faces raw materials shortage
Despite difficulties, China continues to lead world textiles &
Uzbekistan will formulate a plan for accelerating Textile industry
Vietnam to scale up apparel exports
 
Research
Operation of China's textile and clothing companies in 2018
Research: Analysis on China methanol industry chain
Rayon yarn market change on vortex-spun yarn operation
Development of nylon downstream sectors
Polyester supply and demand change in 2019 and outlook ...
Polyester and end-user market demand in 2019
 
 

浙公网安备33010902000742号