{"id":253,"date":"2014-05-30T03:34:24","date_gmt":"2014-05-30T03:34:24","guid":{"rendered":"http:\/\/indonesiagarment.com\/news\/2014\/05\/30\/textilegarment-higher-quality-and-well-known-brands\/"},"modified":"2014-05-30T03:34:24","modified_gmt":"2014-05-30T03:34:24","slug":"textilegarment-higher-quality-and-well-known-brands","status":"publish","type":"post","link":"https:\/\/indonesia-product.com\/news\/textilegarment-higher-quality-and-well-known-brands\/","title":{"rendered":"Textile\/garment: Higher quality and well-known brands"},"content":{"rendered":"<p>Textile\/garment: Higher quality and well-known brands<br \/>\nVietNamNet Bridge, Vietnam<\/p>\n<p><!--adsense--><\/p>\n<p>VietNamNet &#8211; When the WTO forces open quotas &#8211; the biggest barrier to Vietnam\u00e2\u20ac\u2122s textile and garment products will be abolished. However, the government\u00e2\u20ac\u2122s supportive policies toward textile and garment production will also disappear.<\/p>\n<p>According to the Industry Deputy Minister Bui Xuan Khu, after Vietnam joins WTO, turn over of textile and garment products is very likely to double within a short time. But in order to make the most of this opportunity together and ensure stronger competitiveness, Vietnam needs to apply comprehensive measures in terms of improved materials, brand names, labour, management, technology and marketing.<!--more--.\n\nNew investment wave\n\nAfter joining the WTO, times will be very hard for Vietnam\u00e2\u20ac\u2122s textile and garment producers to compete. Vietnam will have to open its door for foreign investors. \u00e2\u20ac\u0153There will be many new FDI projects in the textile and garment industry. The proportion of their export would account for 50% of the total turn over of the country in this industry,\u00e2\u20ac\u009d Mr Le Quoc An, President of the Vietnam\u00e2\u20ac\u2122s Textile and Garment Association (VTGA) forecast.\n\nLater this week a group of Chinese investors will arrive in Hanoi to meet with the VTGA to discuss possible cooperation in developing material for textile and garment products.\n\n\u00e2\u20ac\u0153Vietnam is also working with several Japanese companies and other well-known fashion corporations on developing the designs as well as purchasing brand name production rights to improve quality to a higher level or to make more high quality, specialised products.\u00e2\u20ac\u009d An said.\n\n\u00e2\u20ac\u0153Retailing of textile and garment products in foreign and domestic markets should also be considered,\u00e2\u20ac\u009d An added. \u00e2\u20ac\u0153Vietnam only exports products under foreign brand names and through their distribution channels, but now we have to think about exporting products with our own brand names and through our own channels. This would help to increase our competitiveness.\u00e2\u20ac\u009d\n\nNew challenges\n\nAccording to the Trade Deputy Minister Luong Van Tu, removing quotas and government support to the industry was one of the toughest issues in negotiating with the US. Challenges and opportunities for the industry now are somewhat equal. With deeper integration into the world economy, associations must take on more supportive roles, as will no longer be possible for the government to cover failed business activities. \u00e2\u20ac\u0153Vietnam\u00e2\u20ac\u2122s textile and garment companies would have to take in to account that in 2014 quota regulations will no longer be effective to Chinese textile and garment products. When that happens, Chinese textile and garment products will be everywhere,\u00e2\u20ac\u009d Tu said.\n\nHe also warned that \u00e2\u20ac\u0153Vietnam needs to pay more attention to policy transparency and working conditions.\u00e2\u20ac\u009d  This point was one of several issues of contention with US\u00e2\u20ac\u2122s negotiators.\n\nThe Deputy Minister believes that at present the competitiveness of the industry is still very weak, as producers have to import most of their materials and technology, while there is serious lack of marketable brand names and design capability. Most Vietnamese companies in the industry have been working as sub-contractors for foreign producers, and have little idea of how to cope on their own.\n\nIn the long run Vietnam will have to initiate more investment promotion in other countries and start projects for textile exports. Developing design skills and promoting locally developed brand names is also needed. The role of VTGA in information dissemination, market analysis and linking members in the association together should be strengthened. Khu said he has become very concerned that while TGAs in other countries like Taiwan are working hard to support their members, the VTGA has been too distracted by in-house profiteering to ensure future development for the entire industry.\n\nFour stages of the textile and garment industry\n\nStage 1: Prior to 1990, enterprises mainly worked as sub-contractors for foreign producers. Annual export turn over: US$100mil\n\nStage 2: 1992 \u00e2\u20ac\u201c2002, Entered the EU market, the annual export turnover peaked in 2001: US$2bil.\n\nStage 3: Entered the US market. Export turn over in 2005: US$5bil. This year, estimated export turnover: US$5.5bil.\n\nStage 4: After 2014 and expected WTO membership: a period of increased turnover, coupled with fierce, perform or die competition.\n\n(Source: NLD)\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Textile\/garment: Higher quality and well-known brands VietNamNet Bridge, Vietnam VietNamNet &#8211; When the WTO forces open quotas &#8211; the biggest barrier to Vietnam\u00e2\u20ac\u2122s textile and garment products will be abolished. However, the government\u00e2\u20ac\u2122s supportive policies toward textile and garment production will also disappear. According to the Industry Deputy Minister Bui Xuan Khu, after Vietnam joins [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Textile\/garment: Higher quality and well-known brands - Directory of wholesale, manufacturers, distributors, importer and exporter in Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indonesia-product.com\/news\/textilegarment-higher-quality-and-well-known-brands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Textile\/garment: Higher quality and well-known brands - Directory of wholesale, manufacturers, distributors, importer and exporter in Indonesia\" \/>\n<meta property=\"og:description\" content=\"Textile\/garment: Higher quality and well-known brands VietNamNet Bridge, Vietnam VietNamNet &#8211; When the WTO forces open quotas &#8211; the biggest barrier to Vietnam\u00e2\u20ac\u2122s textile and garment products will be abolished. 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