Not to be neglected of textile industry agreements

The domestic textile and garment industry has many advantages to increase exports when the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP), the European Union-Vietnam Free Trade Agreement (EVFTA) is effective force. However, in order to become a key country to export textiles and garments to CPTPP countries, the European Union (EU), textile enterprises need specific strategies to meet the rules of origin, technique ... partners set out.

Gradually improve competitiveness

In the first 6 months of 2019, exports of textile enterprises in the province reached 1 billion 387 million, up 17.1% over the same period last year. By this time, many textile enterprises in the province have had orders for the third quarter of 2019, even in 2019.

According to the Department of Industry and Trade, the provincial textile and garment industry has been gradually improving its competitiveness in the market. In addition, the supply chain is gradually being completed thanks to increasing capital flows into textile and dyeing industries and raw materials. In particular, CPTPP, EVFTA also opened incentives for the textile and garment industry, which has created great attraction for both domestic textile and footwear industries.

Production line at Prymacy Company, My Phuoc Industrial Park 1. Photo: My Phan

Mr. Le Hong Phoa, Chairman of Binh Duong Textile and Garment Association, said that forecasting production, business and export activities of member enterprises in 2019 continued to grow (up by 5-10%) but not high. equal to the increase of the previous year, the reason is that the price of orders is low, labor and material costs are increasing, while the global financial industry is still facing many difficulties. The main export markets of textile enterprises are the United States, European Union, Japan, South Korea ...

Mr. Truong Van Cam, Vice President and General Secretary of Vietnam Textile and Apparel Association (Vitas), said in the first months of the year, although Vietnam's textile and garment export still increased, it was not as expected and specifically planned. The total export turnover of textiles and garments is 40 billion USD but in the first 6 months, only 17.97 billion USD was realized. To achieve the target of 2019, from now to the end of the year, the whole industry needs to achieve export growth of 11-12% compared to the same period last year.

The Textile Association needs to do better the role of bridging

According to the Department of Industry and Trade, in order to achieve the growth target this year, textile enterprises must invest in applying science - technology, training human resources and at the same time solve the weaknesses and shortcomings of branch. In addition, textile enterprises need to build a strong linkage platform to solve the shortage of supply, pay attention to the production of products with high levels of gray matter, thereby bringing many Vietnamese products and brands. Vietnam to the world market.

Mr. Nguyen Van Duoc, Director of the Department of Industry and Trade, said that Binh Duong Textile and Garment Association needs to do better the role of a bridge between member enterprises and domestic and foreign markets through trade promotion activities, and international cooperation ... along with promoting cooperation with training institutions to develop a high quality workforce; have good care policies to create long-term cohesion of employees with enterprises.

Another important solution is that textile enterprises voluntarily improve their competitiveness. Accordingly, enterprises can apply measures such as cutting input costs with optimizing, standardizing production processes, standard management processes according to the situation of enterprises. Only when managing production, standard human management only according to the spirit of the industrial revolution 4.0, aims to turn ordinary factory into a smart factory, not to waste any resources Which enterprises can survive in today's volatile market.

In addition, the problems of cost, market, business investment need to be carefully calculated, measurement of market scenarios may occur and there should be specific plans for each market scenario, avoid embarrassing or give hasty solutions.

Reported by My Phan – Translated by Vi Bao