It’s surprising to see the import of fabric to Vietnam surge significantly.
Considering the efforts put in by the country to promote the domestic fabric industry over the last few years, the numbers are nothing short of any surprise!
The fabrics exported from China to Vietnam have shot up sharply, accounting for 57.3 per cent of overall fabric import turnover of the country.
While talking more on the same, Vu Duc Giang, Chairman, Vietnam Textile and Apparel Association (VITAS) recently said that the only way to combat this is to continuously focus on promoting domestic fabric sector.
And How! The Chairman has proposed following 3 recommendations:
Set up the industrial parks quickly
Ministry of Industry and Trade must be the mainstay in the strategy of building the supporting platform with the textile industry
Build more transparency to create a legal foundation
Implementing these recommendations, the Chairman feels, would soon make the country independent with regard to producing fabrics.
The Chairman also added that lately many localities and industrial zones in the country have been averse to setting up of textile industry, especially with regard to dyeing sector and this was also one of the reasons for stagnating the growth of domestic fabric sector.