Vietnam Intends To Develop And Upgrade Cotton Fabric Production Capacity
Vietnam's Ministry of industry and Commerce said that despite Vietnamese textile
Garment industry
The monthly export amount is as high as 1 billion US dollars, only because of the United States and
European Union
Economic turbulence and consumption
Tighten
It has made the industry short of orders.
The vice president of Vietnam Textile Association believes that the Vietnamese textile and garment industry's orders from the US and the European Union will be reduced by 10-15% in the fourth quarter of this year (2011).
According to statistics, Vietnamese textile clothing (2011) exports in the first 9 months of the year reached a new high of 4 years, reaching 10 billion 500 million US dollars, and the estimated export volume of this year will reach 130-135 billion US dollars.
The large amount of capital needed to import raw materials and wages are the biggest cost pressures faced by Vietnamese textile and garment producers.
Amount of money
With us $9 billion 200 million, the cost of capital pressure has worsened.
The rising wages of workers, which account for 65% of the cost of expenditure, also cause great distress to the operators.
The Vietnamese government intends to set the textile and garment industry as a
Sharp front
The export industry is looking forward to developing and upgrading cotton fabric production capacity, producing 500 thousand tons of cotton fabric annually and creating 2 million 750 thousand job opportunities.
At present, there are about 3700 manufacturers in Vietnam's textile and garment industry, which are mainly concentrated in two major cities of Hanoi and Hu Zhiming.
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