Vietnam Media Says Vietnam Clothing Industry Focuses On Localization Of Raw Materials

P, vice president of Vietnam textile and Garment Group, said that the goal of Vietnam's domestic textile and garment industry is to achieve 60% localization rate by 2015, thereby increasing profits and enhancing competitiveness and reducing import demand for raw materials.

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< p > this is to increase the export volume of Vietnam's textile and garment industry. At present, the export products of the industry rely heavily on imported raw materials and outsourcing.

This measure is particularly important for Vietnam's participation in the TPP negotiations and other regional trade and tariff agreements.

In order to enjoy the low < a href= "//www.sjfzxm.com/news/index_c.asp" > tariff > /a, Vietnam needs to use local raw materials.

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< p > in order to improve the < a href= "//www.sjfzxm.com/news/index_c.asp" > localization rate < /a >, Vietnam's domestic textile and garment enterprises also set the goal to increase the proportion of on board delivery (FOB) from the current 38% to 50% in 2015.

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At the same time, the proportion of original design manufacturers (ODM) will increase from less than 5% to nearly 10% in 2015.

To achieve these goals, Vietnam is carrying out many textile and clothing raw materials nationwide.

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< p > Vietnam textile and Garment Group said that at present there are many cotton farms covering more than 1500 hectares in Dole province and NingShun province.

Vietnam textile and apparel group and Vietnam oil and gas group cooperated to produce materials for weaving fabrics.

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P Vietnam textile and garment industry has hired foreign experts or cooperated with foreign experts to develop some textile raw material planting projects.

In addition, there are many knitting factories across Vietnam.

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< p > Spain Jeanologia company and its partner Vietnam rich international Joint Stock Company (PPJ) have an ambitious plan to turn Vietnam into a global leader in high quality and environmentally-friendly jeans.

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Enrique Sheila, President of P Jeanologia, pointed out that Vietnamese jeans producers have found their place in the world market and are becoming strong competitors in terms of price and quality.

Sheila believes that because of the adjustment of China's textile industry policy in the world's largest jeans producer, the investment attraction of Vietnam's textile and garment industry is rising.

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< p > he believes that "a href=" //www.sjfzxm.com/news/index_c.asp "Vietnam" /a "is the time to become a global leader in producing high-quality jeans. Vietnam needs to seize the opportunity.

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< p > he suggested that in order to achieve this goal, Vietnam should make full use of the advantageous factors such as abundant young labor resources, and lay stress on realizing the modernization of production technology so as to improve the quality of production and increase the value of products.

Lewis Strauss and other world-renowned jeans producers, as well as famous clothing retailers such as Zara, H&M, G STAR, A&F, Polo and CK, have noticed the rise of Vietnam in this industry and are paying close attention to the development of the situation.

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In 2013, Vietnam's textile and garment industry exports amounted to US $20 billion, textile raw material imports amounted to US $14 billion 880 million, and trade surplus amounted to US $5 billion 120 million. P

Among them, textile and garment exports amounted to US $17 billion 900 million, an increase of 18.6% over the same period last year, and the export of fiber products was US $2 billion 100 million, an increase of 15.7% over the same period last year.

In 2014, Vietnamese textile and garment enterprises have launched a series of large-scale projects, which will expand production and obtain new business opportunities.

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