Vietnam'S Textile And Garment Industry Is Mainly Imported.

According to Chen Qinghai, deputy director of the import and Export Bureau of the Ministry of Commerce and industry (Tran Thanh Hai), Vietnam has signed a free trade agreement (FTA) with other countries, which has helped the textile and garment industry expand its market. After the entry into force of the FTA agreements, the import duty on textiles and garments will fall to 0% in the big import markets of the European Union, Japan, Korea, Russia and Canada.

At present, Vietnam's textile and garment industry is facing many difficulties. In order to promote exports to FTA participating countries, especially the former export markets, textile and garment products must comply with the strict rules of origin in these markets (since the beginning of fiber or cloth stage). At present, Vietnam has no textile dyeing and finishing industry, and its main raw materials are mainly imported, so as to produce export products. In addition, most of Vietnam's textile and garment industries are currently concentrated in processing projects with low value-added garments.

According to the statistics of the customs and Excise Department of Vietnam, the import value of the raw materials and accessories of the textile and garment industry in September (2019) amounted to about US $1 billion 820 million, totaling about $18 billion in the first 9 months of this year. The amount of cloth imports is about US $9 billion 730 million, about $4 billion 380 million for raw materials and about 2 billion 70 million US dollars for cotton and about 1 billion 810 million US dollars for fiber. The main import markets of Vietnam's textile and garment industry include China, Korea, China, Taiwan, Japan, ASEAN and the United States.