Vietnamese Textile Enterprises Worry About TPP'S "Starting From Yarn" Table

< p > 2013, Vietnam < a href= "//www.sjfzxm.com/news/index_c.asp" > textile > /a > exports to the United States account for 48% of the total export volume of the product.

With the advance of the TPP negotiation process, more and more American textile enterprises have shifted their orders from China to Vietnam.

However, Vietnamese textile enterprises expressed concern about the "yarn start" rule of TPP.

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P Vietnam Vietnam TNG trade and investment company said that in 2012, the company invested millions of dollars in the production of cotton for the purpose of improving the ratio of mainland products.

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Runn, general manager of Garmex Saigon, Vietnam, said that at present, the company's < a href= "//www.sjfzxm.com/news/index_c.asp" > textile and clothing raw materials < /a > the proportion of mainland and import is 5:5, of which the main source of imports is China. P

Runn said that the price of raw materials for textile and clothing imported from China is 10 to 15% cheaper than domestic prices.

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After Vietnam's accession to the < a href= "//www.sjfzxm.com/news/index_c.asp" > TPP < /a > P negotiations, the tariffs on US export textiles will be reduced from 17% to zero tariff.

Therefore, even in the purchase of raw materials for domestic textile and clothing, Vietnamese enterprises still have profits.

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< p > reported that Vietnam textile enterprises are more worried that domestic textile and garment raw materials can not meet the market demand.

Runn said that due to the increasing demand for raw materials for textile and clothing, domestic and imported raw materials are facing difficulties.

At present, the company purchases textile and clothing raw materials from foreign invested enterprises, but these foreign companies do not seem to have enough supply.

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< p > more and more textile and garment enterprises in mainland China, Taiwan and Hongkong SAR have invested and built factories in Vietnam to meet the TPP that Vietnam is negotiating to join.

Reported that the Chinese funded enterprises plan to produce raw materials to the export of finished products and other links to form an industrial chain.

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< p > reported that in Hu Zhiming City, the Forever Glorious company under the Taiwan Sheico group plans to build a factory for 50 million dollars for the production of advanced swimwear. The Gain LuckyLimited company of China's Shenzhou International Group Holdings Ltd (SHENZHOU INTERNATIONAL) intends to invest US $140 million to become an advanced fashion design and production center.

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< p > in Nam Dinh Province, Jiangsu Yulun Textile Group Co., Ltd. has been approved to invest 68 million US dollars in the production of fiber, textile manufacturing and dyeing.

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< p > 2013, Tianhong Silver Dragon Technology Co., Ltd. (Hongkong Tianhong Textile Group) 500 thousand spindles project phase I project opened in Guangning Province, the total investment of the project is $300 million, which has become the fourth factory invested by Vietnam in Vietnam.

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