Vietnam's Clothing Export Situation Is Not Optimistic In 2011.
High price of raw materials
It has a negative impact on the competitiveness of domestic exporters, especially textile and garment enterprises.
Besides, bank credit is limited, enterprises lack capital, and production and export growth are all affected.
In addition, other countries, especially China, have intensified their competition with Vietnamese exporters, which may also have an adverse impact on Vietnam's exports.
In terms of textiles, clothing and footwear, China occupies the largest market share in the US market, and these products are regarded as the strengths of Vietnam.
China now surpasses Canada and has become the largest exporter in the US.
Last year, China's exports to the United States amounted to 364 billion 40 million US dollars, accounting for 19.17% of the total import volume of the United States.
Most of Vietnam's exporters are small business establishments, and they are not easy to integrate with American technology standards.
Khien says,
Vietnamese exporters
While entering the US market, market research should be conducted to study market demand, including legal and technical barriers.
In addition, he added, business needs to focus more on developing and updating enterprise websites, because websites play a great role in foreign trade, especially in trade with the United States.
American businesses are used to learning more information through the Internet before starting to work with them.
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