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In 2017, Vietnam's garment enterprises continue to experience difficulties

According to the Vietnam Textile and Garment Group (Vinatex) 10 months, export turnover of Vietnam's garment sector reached 23.3 billion dollars, an increase of 4.8% over the same period last year.

 

Thus, to complete the export target of US $ 28-29 billion this year, an average of two months last year exports of textile and garment industry to reach over 2.5 billion dollars / month.
 

 

 

The main export markets of Vietnam textile industry include the United States with the highest turnover of nearly 10 billion US dollars, up 4.37%; Europe gained nearly 3 billion US dollars, up 2.46%; Japan reached nearly $ 2.5 billion, an increase of 4.61% and South Korea reached $ 2.2 billion, an increase of 5.34% over the same period last year. In addition, other markets reaching nearly $ 5.9 billion, up 6.6%.

 

Mr. Le Tien Truong, Vinatex general director said in 2017, Vietnam's garment enterprises will continue to experience difficulties due to the impact of competition from countries exporting textiles in the world such as China, India India, Bangladesh and Pakistan.

 

These countries will continue to implement policies to support their textile business, as it did this year, especially policies currency devaluation to boost exports, attract customers.

 

In 2017, forecasting total world textile demand growth will remain slow. Especially with the EU and the British left before US President-elect, Mr. Donald Trump declared support Partnership Agreement Trans-Pacific will negatively affect exports from Vietnam to the second textile market the EU and the US in large schools.

 

So garment enterprises in Vietnam in general and in particular Textile and Garment Group continued to face many difficulties and challenges.
Expected if no policy breakthrough, namely the support policy textile industry, the textile exports of the sector in 2017 will increase by 5-7% compared to this year, said Le Tien Truong

 

To help businesses overcome difficulties textiles in the future, said Vu Duc Giang, Chairman of Vietnam Textile and Apparel Association (Vitas) has proposed that MOIT early feedback and the hard concrete support towels textile industry which ministry is studying and has reported to the Government.

 

At the same time, better management of investment projects in the textile business for investment both overseas and domestic. On the other hand, does not call for foreign investment enterprises in the garment industry.

 

Besides, the proposals do not increase the minimum wage annual regular; reduce the rate of payment of insurance deductions from wages. At the same time, adjustment of the textile industry development plan Vietnam matching speed deep integration of Vietnam.

 

In addition, unified planning and permitting of industrial textiles, subsidized loans to enterprises; issued flexible exchange rate policy, export support.

 

Vitas also recommended MOIT consider amending and supplementing some laws are causing problems for the textile business. As well as support for training textile workforce, policies to attract advanced technology.

 

Proposal to increase the limit of overtime in a year, leaving regulation to control overtime in the month, but only provisions for overtime in businesses active in the production trading.-.