• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    TPP Reached A Basic Agreement, Making Vietnam'S Textile Leader Good.

    2015/10/10 10:16:00 48

    TPPChina Textile IndustryVietnam Textile

    In October 5th, the 12 countries of the United States, Japan and Vietnam reached a basic agreement on the TPP (trans Pacific Partnership Agreement). TPP negotiations have been going on for many years, and we have made some progress this year. We have repeatedly suggested in the previous report that this conclusion is in line with market expectations.

    TPP zero tariff policy has a certain impact on the export of domestic textile and garment industry, but its short-term impact is limited. TPP has a positive impact on leading enterprises in Vietnam with capacity layout. 1) China is a big exporter of textile and clothing: in the first 8 months of 2015, the total export volume of China's textile and garment industry was 184 billion 400 million dollars, and exports accounted for about 30%. The largest share of US exports to TPP countries is Japan, which accounts for about 24% of total exports. 2) zero tariff among TPP member countries, but the impact on China's industry in the short term is limited: Vietnam is also a big exporter of textile products, and the export tariff of TPP is expected to decrease from an average of 17.5% to 0, which will cause some pressure on China's domestic industry. However, we believe that the impact of tariffs on domestic industries will be limited and uncertain in the short term. The main reasons are that the tariff policy of various countries needs to be landed, the progress of China's free trade negotiations has been progressing, and the overall capacity of Southeast Asian capacity is limited. 3) Vietnam's textile leading companies with capacity can benefit directly: domestic textile production capacity has begun to transfer to Southeast Asia in recent years, and leading enterprises such as Lu Tai, Bailong and Huafu have a certain capacity layout in Vietnam, which will benefit directly from the TPP agreement. Zero tariff and overseas production capacity will increase gradually, and the savings in manpower cost and local tax revenue will also contribute to the improvement of profitability.

    Baron East: at present Vietnam? Capacity accounted for nearly 1/3, and the future is expected to continue to increase rapidly. Baron Oriental has established a wholly owned subsidiary in Vietnam for 12 years. The first phase of Vietnam's two phase project was completed in the first half of 15 years, and now it is in the commissioning and trial production stage. In the 15 year, Vietnam's production capacity was about 45 thousand tons, accounting for nearly 1/3 of the total capacity of the company. Vietnam's three phase project is also expected to be completed by the end of 16, when Vietnam's capacity is expected to reach 7.5-8 million tons, accounting for over 40%. In view of the fact that the company has lower manpower cost and easier employment in Vietnam, the new capacity in the future is expected to be overseas.

    Lu Tai: end of 16 Vietnam fabrics Production capacity will account for about 15%, and overseas production capacity will increase in 15-16 years. 1) Lu Tai invested 15 years in Vietnam to set up a subsidiary (set up by a subsidiary of Hongkong, and then acquired by a listed company). It is estimated that by the end of 15, 60 thousand spindles will be put into operation, and 30 million meters of colored cloth will be put into operation in the 2-3 quarter of 16. 2) another company has shirts layout in Kampuchea and Burma. It is expected that the total production of 6 million shirts will be increased by the end of the year, and the output of overseas shirts will be about 1/3 in the 16 years. The two countries will not be able to exclude the possibility of joining the TPP in the future, except for the advantages of manpower cost and recruitment.

    Huafu color spinning: at present, Vietnam's capacity accounts for about 9%, and there is still room for improvement in the future. At the end of 13, the wholly owned subsidiary of Huafu color spinning set up a subsidiary in Vietnam with a planned capacity of 300 thousand yuan. At present, the first stage of the two stages has been completed, with a total capacity of 120 thousand ingots, accounting for nearly 9% of the total capacity of the company's total output of 1 million 350 thousand, and there is room for improvement in the future. In fact, compared to Vietnam, the investment focus of the company is currently enjoying greater policy preferences in Xinjiang.

    TPP good in Vietnam has industrial layout. Textile Leader We recommend overseas investment with clear and valuing advantages, such as Lu Tai A & amp; Bailong Orient, focusing on Huafu color spinning. Recommended Lu Tai A (cotton prices are at the bottom of the cycle, 15-16 years of continuous release of overseas production capacity, currently 15 years PE times 13 times), Baron East (Vietnam capacity is a point of view, the future will continue to expand production capacity overseas, 15 PE PE 16 times). It is suggested that we should pay more attention to Huafu color spinning (Xinjiang area has greater investment and subsidies, and is expected to enter the supply chain business in the future. It has made 1:9 leveraged ESOP, and PE is 19 times in the current 15 years).


    • Related reading

    Armani Wants To Die And Defend Brand Control.

    Listed company
    |
    2015/10/6 19:22:00
    48

    Women'S Clothing Giant Plummeted, Women'S Market Is Facing Heavy Reshuffle

    Listed company
    |
    2015/9/29 10:36:00
    17

    Fan Zhesi Is Preparing For IPO Or Listing In The US Or Asia Next Year.

    Listed company
    |
    2015/9/26 19:54:00
    50

    Encountered By The General Administration Of Industry And Commerce "White Paper" Everyone'S Pursuit Of Ali Listing Why A Year Attracted Many Questions.

    Listed company
    |
    2015/9/23 18:31:00
    33

    The Operational Environment Of Industrial Entity Economy Needs Reform

    Listed company
    |
    2015/9/13 11:28:00
    29
    Read the next article

    USDA: Cotton Supply And Demand Report For October 2015

    The October supply and demand report released by the US Department of agriculture (USDA) on Friday showed that China's 2015/16 cotton inventory at the end of the year was estimated to be 65 million 270 thousand packages, with an estimated 64 million 620 thousand packages in September.

    主站蜘蛛池模板: 好大好硬别停老师办公室视频| 精品女同一区二区三区在线| 欧美五级在线观看视频播放| 国产视频2021| 亚洲成a人片在线观看中文| avtt天堂网手机资源| 男人和女人做免费做爽爽视频| 好吊妞欧美视频免费| 免费看美女隐私全部| www.av小四郎.com| 爱情岛论坛亚洲永久入口口| 天天爽夜夜爽夜夜爽| 亚洲视频在线免费观看| 99久久精品免费看国产| 91亚洲国产在人线播放午夜| 澳门特级毛片免费观看| 国产美女久久久久| 亚洲五月丁香综合视频| 黑人巨大白妞出浆| 欧美精品一区二区三区免费观看| 国产香蕉一区二区三区在线视频| 亚洲国产一区在线观看| 91成人免费版| 成年日韩片av在线网站| 免费在线观看日韩| 91最新高端约会系列178| 欧美18videos极品massage| 国产免费插插插| 三级黄色在线看| 污视频免费网站| 国产真实强被迫伦姧女在线观看| 久久精品国产亚洲夜色AV网站| 色吧首页dvd| 天堂草原电视剧在线观看图片高清| 四月婷婷七月婷婷综合| wc女厕所散尿hd| 欧美成人一区二区三区在线观看 | 久久精品女人天堂AV免费观看 | 毛片免费视频观看| 国产片**aa毛片视频| 丰满爆乳无码一区二区三区|