Vietnamese Textile Enterprises Try To Reduce Reliance On Raw Materials In China

< p > nowadays, as the situation in the South China Sea is tense and Vietnam is in a row, Vietnam entrepreneurs have appealed to the government to increase support for local enterprises in order to reduce dependence on China's raw materials.

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< p > reporter learned from Vietnam's Xigong times report in May 21st that Vietnamese entrepreneurs urged the government to provide more support to local enterprises in order to reduce dependence on Chinese raw materials and commodities.

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< p > China Petroleum Corp has recently been drilling for oil in the South China Sea, and the situation in the South China Sea is becoming tense.

Vietnamese entrepreneurs made these demands at the entrepreneur seminar.

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< p > the owner of a denim apparel company and Hang Vay Chi, chairman of the Viet Huong industrial zone of Pingyang Province, said that 70% of the raw materials for textiles and clothing industry in the region were imported from China.

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"P >" means Vietnamese textile and clothing companies have contributed most of their business revenue to Chinese textile raw material exporters.

The lack of loan incentive mechanism and underdevelopment of infrastructure hindered the development of Vietnamese indigenous textile raw material supply capability.

This has created tremendous pressure on local clothing and textile industry. "

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< p > Hang Vay Chi pointed out that compared with the high-tech field, the supply of raw materials for clothing and textile industry is much less difficult.

Vietnam is negotiating with the relevant parties on entering the p Pacific Economic Cooperation strategic agreement (TTP). Once joined, < a href= "//www.sjfzxm.com/news/index_c.asp" > Vietnam < /a > local garment enterprises will benefit from and gain more sources of textile raw materials.

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Entrepreneurs at the P believe that many enterprises in Vietnam still rely heavily on China to supply cheap raw materials.

Local enterprises can not compete with foreign counterparts, so they can only supply "/a" and "lower" products for their a href= "//www.sjfzxm.com/news/index_c.asp" market.

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"P Asia" Dragon Cord and Twine director Nguyen Thi Viet Hoa said that now Vietnam's local enterprises must deal with a series of challenges, they must produce high-quality products while maintaining price unchanged.

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< p > "although a href=" //www.sjfzxm.com/news/index_c.asp "> cost < /a > fluctuated, we haven't raised the price of products in 15 months.

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< p > reporters learned that Vietnamese textile and garment enterprises had to compete with other producers in raw material procurement. Raw materials suppliers raised 10% to 15% of the price while raw materials were in short supply, which would affect Vietnam's winning more orders for foreign trade clothing.

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At present, Vietnam's textile and garment industry is very dependent on imported raw materials. P

Vietnam's local raw material supply can only meet 48% of the demand, while only the national textile and clothing association (Vinatex) member enterprises demand 54%.

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< p > Vietnam National Textile Association encourages Member enterprises and foreign direct investment enterprises (FDI) to increase investment in fabric and fabric production so as to create a complete material supply chain.

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