Vietnam Takes Measures To Promote Textile Leather Export

    Vietnam will expand its export market in 2008, the Ministry of industry and Trade said on the 28th. In order to promote the production and export of the country's textiles, measures should be taken to improve the competitiveness and production capacity of the products.

    In order to achieve the export target next year, Vietnam's Ministry of industry and trade has asked textile export and production enterprises to further consolidate the traditional export markets in Europe, the United States and Japan, and expand new export markets. Among them, export enterprises are required to strengthen coordination and cooperation with major U.S. importers, and strive to seek export orders for high value-added products, so as to avoid the export accusations of low value-added products mainly targeted by foreign anti-dumping. At the same time, export and production enterprises are also required to take effective measures to maintain and increase their exports to the EU and Japan, so as to meet China's challenges, and reduce the cancellation of Japan's export to Singapore from 2007? The impact of the textile tariff of Malaysia and other six ASEAN member countries on Vietnam's export.

    In addition, Vietnam's Ministry of trade and industry requires textile production and export enterprises to continuously improve the quality of products, enrich product styles, and gradually reduce the import of raw materials. In particular, clothing raw materials rely on to improve the competitiveness of products.

    According to a national textile development strategy submitted by the Ministry of industry and trade of Vietnam to the government by 2015, Vietnam will vigorously develop cotton production, especially in cotton producing areas, so as to produce 1 billion square meters of cloth for textile production and export. In addition, Vietnam will strengthen cooperation with ASEAN members in order to expand the supply market of textile raw materials.

    "We can import textile raw materials from Thailand and Indonesia at zero tariff to meet domestic production, and then export textiles," said Li Guoan, President of Vietnam National Textile Group In addition, Vietnam is further promoting the shareholding system of state-owned textile enterprises, hoping that more foreign-funded enterprises will enter the state-owned textile enterprises.

    According to the Vietnam Textile Association, while expanding the export market and improving the competitiveness of products, Vietnam is also committed to improving the textile production capacity, so as to achieve the goal of an average annual growth of 16% to 18% from 2006 to 2010. In addition, Vietnam should promote the development of human resources and avoid trade barriers.

    Vietnam's textile export volume is expected to reach 7.7 billion US dollars in 2007 and 9.5 billion US dollars in 2008. The United States, the European Union and Japan are Vietnam's three largest textile export markets? Vietnam now has more than 1000 textile factories with 500000 employees, accounting for 22% of the total number of industrial employees.