Vietnam Textile Industry Intends To Increase ODM And OBM Ratio

< p > > a href= "http:// www.sjfzxm.com/news/index_c.asp" > Vietnam Textile Association < /a > (Vitas), Vietnam textile industry exports increase year by year, but it only accounts for 4% of the total world textile import.

In 2012, Vietnam's exports to the United States accounted for 7.1% of the total imports of the United States, 5.9% of Japan's exports, and 14.2% of its exports to Korea.

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< p > at present, the textile export orders of < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Vietnam < /a > 70% are OEM (OEM), 20% are purchased raw materials, a href= "http:// www.sjfzxm.com/news/index_c.asp" > export > href= > finished products, and design production and production of independent brands account for 9% and 1% respectively.

Most of the design and production (ODM) products only face the domestic market and fail to meet export standards.

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< p > recently, domestic cotton prices have risen sharply, especially the 1501 contract price of zhengmian main force has risen 900 yuan / ton in just a week. Yesterday, the price of the futures contract of Zhengzhou cotton rose all over the world.

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< p > at present, less than a month from the new cotton market, the stock of national cotton stocks is still huge, and the main cotton producing countries in the international market are expected to increase production more.

In this market context, Zheng cotton prices continued to rise, triggering heated discussions in the market.

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< p > "cotton price rise may be an amendment to the early fall."

Zawa Hirohito, general manager of the Industrial Development Co., Ltd., Cheung Kwok Keung, told reporters of the futures daily that the domestic cotton market had entered the pition period from "policy city" to "market city". During this period, the link between the new and old policies and how the new policy was implemented had a greater impact on cotton prices.

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< p > at the same time, along with the advancement of cotton price marketization process, the market factors such as supply and demand of cotton market have also gradually increased the price. Therefore, the trend of cotton price is difficult to grasp. This is also the main reason for the increasing market concern about cotton price.

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< p > Dong Shuangwei, general manager of Beijing DSW Cci Capital Ltd, told reporters that from the resources available for circulation in the domestic cotton market, first of all, after August 31st, the State Cotton store will stop selling, although the stock of national cotton reserves is huge, but after the selling is suspended, the pressure on stock prices will be reduced. Secondly, the quota of imported cotton is insufficient, and the cheap cotton in the international market is hard to flow into the domestic market.

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< p > above three factors are concentrated, and coupled with the rigid demand of textile industry in the downstream from 9 to October, the imbalance of supply and demand in domestic cotton market is expected to increase.

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