Vietnamese Textile Industry Is Trying To Reduce Its Dependence On China.

< p > Vietnam a target= "_blank" href= "http://www.91se91.com/" > textile < /a > Association (Vitas) recently wrote to its member manufacturers to ask for import information from 2013-2014 years of raw materials purchased from China (including cotton, fiber, yarn, cloth, yarn, cotton lining, mex, buttons, zippers, etc.).

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P, vice chairman of the Vietnam Textile Association (Vitas), said that since the information provided by the enterprise Vitas can grasp the type and quantity of raw materials imported from China's textile industry, it will be used as an investment plan for the development of supply resources in Vietnam and to find new supply markets to replace the Chinese market, so as to reduce dependence on the Chinese market.

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< p > Vitas recommends that member companies take the initiative to find potential supply markets outside China, such as Thailand, South Korea, Indonesia and India, and conduct pactions.

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< p > 2013 Vietnam, a href= "http://www.91se91.com/news/index_c.asp" > textile industry < /a > the import value of raw materials is about US $13 billion, of which the amount of imports from China amounted to US $6 billion.

The total imports of Vietnam's cotton, fiber, yarn, cloth and various accessories in the 5 months ago (2014) were about US $5 billion 700 million, about 50% of which were imported from China.

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P Vietnam textile industry does not now require manufacturers to seek diversified supply of raw and auxiliary materials market, but because of the strong supply capability of Chinese market, the rich style of goods, reasonable prices, fast delivery and other factors, the industry still purchases from China.

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At P meeting in May, Vice Minister of industry and Commerce of Vietnam, Sheng Hai, said that the most stable way is to strengthen domestic investment and improve self-restraint ratio, but managers and manufacturers have not actively implemented for many years.

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< p > although the supply of "a href=" http://www.91se91.com/news/index_p.asp "Vietnam" /a "has increased compared with the past, the price is still higher than the import price. Some other manufacturers also know that other markets such as Malaysia and Indonesia, which supply raw materials for textile industry, are still high, so they are still unable to find other markets to replace China.

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