Vietnam Intends To Develop And Upgrade Cotton Fabric Production Capacity
The Ministry of industry and Commerce in Vietnam said
Vietnam?
The monthly export volume of the textile and garment industry is as high as 1 billion US dollars, but because of the economic turmoil and tight consumption in the US and EU, the industry is facing a crisis of short 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, Vietnam textile garments (2011) 9 months ago
Exit
The amount has reached a new high of 4 years, reaching US $10 billion 500 million, and the export target of this year will reach US $130-135.
The large amount of capital and wages needed to import raw materials is the biggest cost pressure faced by Vietnamese textile and garment industry. The import value of raw materials this year amounted to US $9 billion 200 million, and the cost pressure of the operators deteriorated.
The rising wages of workers, which account for 65% of the cost of expenditure, are also contributing to the industry.
Extremely
Worry.
The Vietnamese government intends to set the textile and garment industry as a sharp export industry, and is looking forward to developing and upgrading cotton fabric production capacity, producing 500 thousand tons of cotton cloth annually and creating 2 million 750 thousand job opportunities.
At present, there are about 3700 manufacturers of textile and garment industry in Vietnam.
focus
It is the two largest city in Hanoi and Hu Zhiming.
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