Vietnam maintains position of leading textile and garment exporter
Vietnam’s textile and garment exports rose to the second highest position in the world during 2020, according to a recent report by the World Trade Organisation (WTO). Enterprises in the industry have flexibly implemented many solutions to promote the production and exportation as well as improve competitiveness and position in the international arena.
However, being second in the world, Vietnam’s textile and garment industry security was not due to an increase in export turnover, but because of the reduction in exports of their competitors. Therefore, forecasts show difficulties in maintaining the current position this year if enterprises in the field do not expand investments, renew technology and make good use of new-generation free trade agreements.
1.Abundant sources of goods
Direct competitors of Vietnam’s textile industry such as India and Bangladesh are recovering strongly thanks to fast control over the COVID-19 pandemic while Vietnam is still struggling to cope with the pandemic and the disruption of its labour supply, creating negative impacts on the recovery process of enterprises.
At present, most textile and garment enterprises have orders to fulfil until the end of the first quarter of 2022 and they continue to renegotiate and sign contracts for the following months, while striving to boost production and exports to achieve the set objectives.
Deputy General Director of Garment 10 Corporation Bach Thang Long said that the company has many sources of goods and is speeding up exports, primarily to the United States accounting for about 40%, to the European Union (EU) accounting for 38%, and to Japan accounting for 10% of its total exports.
To increase the export volume, the company will mobilise employees to work overtime and apply inventive solutions and technologies to increase labour productivity in the remaining months of this year. In addition, the company is investing in three textile projects in Thai Binh, Thanh Hoa and Quang Binh with two of them being completed and in the process of recruiting workers to begin production and export in the near future.
Chairman of the Board of Directors of Hung Yen Garment Corporation (Hugaco) Nguyen Xuan Duong said that in the past three years, the company has focused on investing in equipment, modern technology and digital transformation, helping to increase productivity by about 20%. In addition to improving competitiveness, the company has spent funds to support employees to overcome difficulties during the raging pandemic.
The company has continued to attract more than 2,500 new employees since early this year, which is an important premise in promoting production and the export of garment products.
Statistics from the Vietnam Textile and Apparel Association (Vitas) show that Vietnam’s total textile and garment export turnover reached more than 32 billion USD in the past 10 months, up 10.8% over the same period last year. The US continues to be the leading import market of Vietnam, accounting for about 48%, followed by the EU, the Republic of Korea, and Japan. This is a great effort of enterprises amid negative effects of the pandemic.
Vitas President Vu Duc Giang affirmed that the biggest challenge for the textile sector is the non-synchronous and unified implementation of pandemic prevention solutions among localities, creating pressure on managers and employees.
In addition, many localities have yet to complete the vaccination of the first dose for workers while income of employees has decreased, especially in southern provinces such as Ho Chi Minh City, Dong Nai, and Binh Duong.
Enterprises are also facing a decreasing number of orders due to failure meeting the schedules and increasing prices of raw materials, making it difficult for enterprises to maintain and restore production.
Therefore, Vitas recommends enterprises to transfer orders from the south to the north in order to keep the schedule commitment with their partners and not disrupt the supply chain. They also need to proactively purchase raw materials to ensure supply for production, strengthen chain links, and invest in modern equipment to increase productivity and competitiveness within the market.
2. Taking advantage of free trade agreements
In addition to boosting production and export of goods to maintain the position of Vietnamese textiles and garments in the market, enterprises also need to make good use of opportunities from new-generation free trade agreements (FTAs).
Director of the Centre for WTO and Integration under the Vietnam Chamber of Commerce and Industry Nguyen Thi Thu Trang said that in order to enjoy tariff preferences from FTAs, Vietnamese textiles and garments must meet very strict requirements on rules of origin according to each individual agreement. For example, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) requires product origin “from yarn onwards”. This rule is lower in the EU-Vietnam Free Trade Agreement (EVFTA) and the Vietnam – Japan FTA, but also “from cloth onwards”.
In the context that textile raw materials are mainly imported from countries outside the FTAs, rules of origin become the biggest challenge for enterprises in taking advantage of opportunities from FTAs. Therefore, textile enterprises need to identify tariff opportunities under specific FTAs in each market and learn in detail the rules of origin related to their specific products.
In the long term, enterprises should consider improving their product design and creation capabilities, enhancing their position in the production chain, establishing a stable supply of raw materials, and building a brand name specifically for Vietnamese textile products. This is not only a sustainable way to increase localisation rate in products to enjoy preferential tariffs under FTAs, but also a way to increase profits for Vietnam in export value.
According to General Director of Vietnam National Textile and Garment Group (Vinatex) Cao Huu Hieu, in order to fully take advantage of FTAs, enterprises need to invest in a complete supply chain to satisfy the rules of origin. To achieve this goal, Vinatex has been focusing on developing in the yarn industry. Regarding the garment industry, Vinatex is concentrating on basic products with good quality to meet small and medium order sizes with short delivery times.
The group also aims to build a comprehensive supply chain in the future including yarn, textile, accessories, garment, as well as supporting services such as logistics, training, research and development.
If the army did not need them, these auto repair shops would have closed down a long time ago.But the commander
Guo Baizhou was a little anxious. It s not that he doesn t know what the commander said, but these are based on the fact that the counterattack can break through the enemy s defense line.
The reason is simple, the entire west is a garrison where the sun never sets, and the army will retreat all the way to give up their positions to the enemy, so this battle is doomed to have no hope of victory from the very beginning.Then he estimated the distance between the two artillery positions and the salt lake according to the ratio, and then issued the orders together.
The reason why they had to be transported at night was because some parts were bulky and heavy, so they were not suitable for transport by horse drawn cart or mule cart, and transport by car was easy to be bombed by devil planes, so it was much safer to transport them at night.the tank must face the enemy to fire. When the machine gun was shooting at the Unlock Your Slimmer Self: Exploring the Real Potential of Apple Cider Vinegar Drinks for Weight Loss enemy, Xichuan Shaye reported to the main force behind by radio Our department was ambushed by a small Beat the Winter Weight: 8 Science-Backed Strategies for Shedding Menopause Belly Fat Before Christmas enemy force, requesting reinforcements, requesting reinforcements The Type 95 tank has only three crew members, including the commander, The gunner, loader, and rear machine gunner are all served by the commander.
Just as he was talking, Li Yunlong ran out from the regiment headquarters in small steps.Xichuan Shaye was shocked, and hurriedly called out, Get out Then, regardless of the Transform Your Body: A Realistic 7-Day Quick Weight Loss Plan hot temperature of the hatch cover, he suddenly lifted it and was about to climb out.
If I win Just being blown up to the sky by devils
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The devil s forces and the scope of the Eighth Route Army are clearly divided in the sand table, but this does not mean that the commander can think clearly.But he is familiar with it
This shows that he must have studied the equipment, and he has studied a lot.
If they don t report it, I m afraid that all members of the Ninth Brigade will be loyal to Yuncheng and fall.We only need to hang some small sandbags on the outside of the tank armor
I have tested it, and they can effectively weaken the armor.
The point is that mountain troops usually have to cover their positions.This is also where the devils are crazy. In their view, it is impossible for the enemy to hit the city gate.
This is what Wang Binghua is most happy to see. Originally, a battalion might not be able to destroy a few tanks and a few devils, but now it is a one on one hand to hand fight.On the one hand, it was because the train continued to whistle, and the piercing sound combined with the gunfire and gunfire on the battlefield combined, so that Chi Shangxianji s shout could not be heard at all, and his subordinates only saw his mouth moving but Sweeten Your Weight Loss Journey: A Deep Dive into Keto Apple Cider Gummies did not hear anything arrive.
If they come to ask for it, you can t refuse, understand Ming
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Wang Xuexin asked Lao Qi and Mao Duzi to gather their hunting skills and methods of distinguishing wild vegetables and mushrooms, and then the whole company must study so that every soldier has the wild survival skills.On the one hand, it can test whether the communication of the whole regiment is smooth.
Zaun
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A group of people support Wu Xiaofan. After all, he is the most famous, and he treats others with gentleness and politeness.It s a pity that the defeat in the group stage made him never have another chance.
Only Qiu Honglei was very depressed. Seeing her lover and other women flirting with each other, the key is that she still can t reveal her identity
Master Zu, what s the matter Pei Mianman blinked at Zu an, he is also a Dramatist, knowing that there are other people watching the two of them, and there is no intimate name.
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It took a while for him to recover. Pushing away the officials next to him, he looked at the waiter with cannibalistic eyes Who is the murderer How dare he be so mad The waiter hesitated for a moment, then looked at the emperor again.What look like The three girls asked curiously. The woman next to Yi also denied it in the same way, and she became a husband and wife later.
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For the Earth Immortal level, space no longer constitutes any obstacle.If there were no accidents, such a woman would spend the rest of her life lonely in the ancient Buddha.
Although he didn t understand the meaning of the word, he could feel the shame coming from his soul.Even as a woman, Yan Xuehen s heart would be moved by seeing it, and Yan Xuehen had to admit that such a beauty was the darling of heaven s aura.
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The Supreme Elder of the Hall of Eternal Life probed the big hand of the sky, grabbed the body of the real dragon, and wanted to take it away, but found that it was not moving at all.You are nothing more than that, let me show you my strength now.
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At the same time, above the distant sea, a figure flew over.At the same time, Beiming s name will also be engraved on Shengyuan Tower.
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Lin Xuan, looking at the backs of these people leaving, sneered.When those remote ancient families and the great masters wanted to look for it, they found it was a step too late.
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Lin Haoming held the Heavenly Fiend Sword tightly in his hand, and the evil armor condensed by the Heavenly Demon Battle Armor and the Earth Demon Bead had already protected him, and even turned into the body of the Heavenly Demon to prevent any accidents.He thought that he had a good friendship with Chen Yayue, Yuan Caiyi and others when he participated in the competition.
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It is not wrong to say that this desolate beast is full of treasures.between the two tentacles. That spar Lin Haoming thought at first that he grew on the monster, but after careful observation, he discovered that the spar was not born at all.
Senior also knows that the materials she gave you are hard to get in this world, so I don t mean to blame Su Yan Slightly playful.Can t figure it out. At this time, one of the phantoms, with a flash of inspiration, cast out the cold flame beads again.
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After you get those spiritual realm fruits, you can just leave Zhao Keming did not hesitate at this time, and agreed wholeheartedly.
