Vietnam's Garment Processing Companies May Disappear In Three To Five Years.

Vietnam's garment processing companies may disappear, because Spin The cost of industry's remuneration is likely to reach US $500 in the next 3-5 years. Li Guoen, chief consultant of Vitas, said at the opening ceremony of the 2011 International Fashion Exhibition (VIFF).

At present, a worker in a textile company in Hu Zhiming can earn 6 million Dong Dong every month, including allowances, benefits (such as insurance and bonus), while workers in other provinces receive a monthly salary of $200.

therefore clothing Businesses must find ways to cope with rising remuneration costs or else they will disappear. Currently, about 60%. Spin And clothing company is a two level contractor, Li Guo en said.

The vice president and Secretary General of Vietnam textile and Apparel Association suggests that clothing companies should turn from their current two level contractors to manufacturers so as to survive in the market.