texile industry

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TEXILE INDUSTRY With an average growth rate of 14.5% / year during the period 2008-2013, Vietnam is one of countries which have the largest growth rate in textile industry. In 2013, textile industry is the second largest export rate in our country, valued at 17.9 billion dollars. However, textile industry of our country has yet to bring value in global value chain of the textile because of the weak in export manufacturing process by a manner CMT. In addition, ancillary industries still not developed as one of the major challenges to exploit the benefits from the free trade. Agreement as The Trans-Pacific Partnership (TPP), EU-Vietnam Free Trade Agreement (FTA) which is expected to be adopted in the near future. Vietnam's garment industry is expected to grow in the following trend: Growing at a Compound Annual Growth Rate (CAGR) of 9.8% / year and reaching the exported value at $ 55 billion by 2025 if the TPP Agreement adopted.

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TEXILE INDUSTRYWith an average growth rate of 14.5% / year during the period 2008-2013, Vietnam is one of countries which have the largest growth rate in textile industry. In 2013, textile industry is the second largest export rate in our country, valued at 17.9 billion dollars. However, textile industry of our country has yet to bring value in global value chain of the textile because of the weak in export manufacturing process by a manner CMT. In addition, ancillary industries still not developed as one of the major challenges to exploit the benefits from the free trade.Agreement as The Trans-Pacific Partnership (TPP), EU-Vietnam Free Trade Agreement (FTA) which is expected to be adopted in the near future. Vietnam's garment industry is expected to grow in the following trend: Growing at a Compound Annual Growth Rate (CAGR) of 9.8% / year and reaching the exported value at $ 55 billion by 2025 if the TPP Agreement adopted. Moving the current importation of raw materials from China, Taiwan, South Korea to countries inTPP. Start developing export-oriented manufacturing to the higher modes such as FOB CMT, ODM, OBM. Attract large investments in ancillary industries and FDI inflows from neighboring countries to take benefit from the TPP and FTA EU Vietnam.

TCM - one of the leading enterprises in the textiles sector in Vietnam.. During the past six decades, TCM strives to build relationships good cooperation with partners on the basis of bilateral benefit, constantly evolving its business activities, giving visitors line of products and services with the best quality. Business prospects for the coming years: TCM is one of textile companies has most benefit when the Vietnam join the TPP: When the Economic Partnership Agreement Trans-Pacific (TPP) was signed, the textile industry will benefit most from import tax on the American market, the market absorbed 44% of textile products exported Vietnam's exports in 2012, will be reduced from 17% to 0%. To enjoy a tax rate of 0% while exports to the American market, the textile products from Vietnam have all stages of production "yarn forward" made in our country or in the country in the TPP. Meanwhile, long-standing, Vietnam textile enterprises mainly imports raw materials from outside the countries of TPP as China, South Korea, Taiwan. Not a lot of textile companies currently listed, new Textile Corporation Commercial Investment Success (TCM) meet rigorous standards.