Hanoi International Textile Industry Exhibition, Vietnam, Manufacturers, Wholesalers

Hanoi International Textile Industry Exhibition, Vietnam

Twelve countries including the United States, Japan, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam signed the TPP agreement. After signing the agreement, countries will promote the TPP in China and conduct free trade under the agreement. The countries covered by the agreement account for three-thirds of the total global trade. Trends of related companies. Pacific 6.95-0.04-0.57% We trust TPP to bring advantages to the Vietnamese textile and garment industry. At present, the United States imposes a 17-32% tariff on Vietnamese tailor imports. After the TPP agreement is signed, it will enjoy zero tariffs, while the United States imposes a 10-20% tariff on China's tailor imports. In addition, tailoring products in Vietnam and other TPP member countries are subject to the rules of origin - that is, "starting from the yarn" - the original information such as cotton yarn needs to come from local or TPP members. Therefore, this may also benefit the tailoring upstream producers in Vietnam.

In order to cope with the rising labor costs in China and the increasingly severe environmental regulations, textile manufacturers with their production bases have successively expanded production in Vietnam. Substantial breakthroughs in TPP will benefit these companies in the long run. Hong Kong-listed companies with large-scale production capacity or new capacity in Vietnam include textile company Shenzhou World (2313HK), Huantai Textile (1382HK), cotton yarn manufacturer Tianhong Textile (2678HK), and underwear fabric manufacturer Super World ( 2111HK) and underwear manufacturer Virginie World (2199HK). Overview of the mall Vietnam is one of the world's largest exporters of clothing. It is sold to the United States every year. The EU and Japan estimate to reach 12 billion US dollars. The textile manufacturer's policy is to reach 25 billion US dollars in garment exports in 2020, and clothing and accessories in 2008-2010. With an increase of 16-18%, apparel and accessories manufacturers are acquiring advanced equipment technology, looking for better data providers and improving management. The government plans to invest $3 billion in 2010 to develop the textile and garment industry. Among them, 180 million US dollars of language to expand the supply of materials, 2.027 billion for textile printing and dyeing projects, 443 million for clothing projects, 200 million for trade centers and personnel training. Shopping mall background - Vietnam's cloth and clothing accessories shopping mall has great potential in Vietnam, because foreign or wholly-owned tailoring companies can only supply 20-30% of domestic high-grade cotton fabrics, Vietnam's garment industry is committed to increasing the United States, Europe, Japan In the export of other places, the local quality requirements for fabrics are high, so domestic tailors are eager to seek and develop a number of shopping malls that import cotton. Because the price of imported fabrics is reasonable and the quality is good, Vietnam can temporarily import the fabrics and export them after the production (the government will refund the import tax). Imported fabrics, especially high-woven cotton, are very popular for exporters. At present, the average number of fabrics prevailing in Vietnam is 40-50, but better cloth or yarn will be imported. Although the fabric producers can import better yarns to produce their own products, compared with the fabrics imported by tailors and export tax rebates, the domestically produced fabrics are more than 20% expensive. It can be seen that participating in the exhibition is a very good business opportunity for the production of knitting machinery and cotton material manufacturers. The textile and garment industry is a leading industry in Vietnam. It has played a very important role in the exchange of foreign exchange for Vietnam and has created a lot of labor. In the past few years, Vietnam's textile and garment industry has developed rapidly. In 2009, Vietnam's textile and garment exports have reached 9.1 billion US dollars, becoming one of the world's largest textile and garment producing countries and exporting countries, and also attracted exhibitors, producers and investors in the world. In the first three months of 2010, Vietnam’s textile and apparel exports have now reached $2.2 billion, an increase of 13% over the same period in 2009. As of July 2010, Vietnam’s tailoring exports have now reached $5.8 billion, an increase of 17% compared to the same period in 2009. Because more than 90% of Vietnam's fabrics, accessories and other materials need to be imported from other places, Vietnam will significantly increase the import of high-quality foreign fabrics and garment accessories to cope with the increasing orders, which will provide suppliers with a discount to Vietnam shopping malls. Golden opportunity. At present, the production contracts for most factories in Vietnam are now at the end of the third quarter, and some factories have signed export contracts until the end of this year. It is expected to reach 11 billion US dollars in 2010.

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