Vietnam to become jeans production hub
Enrique Silla, President of
Jeanologia- a Spain jean producer has said that Vietnamese products,
especially jeans and knitted items, are finding their niche in the
global marketplace and are emerging as a strong competitive rival in
terms of price and quality.
Silla said that recent policy
changes in China – currently the world’s largest jeans producer – have
lessened the attractiveness of the Chinese market to the favour of
investment in the Vietnamese garment and textile industry.
He
emphasised that the time is ripe for garment producers in the Vietnam to
seize the opportunity to ascend to a position of global leadership in
the production of high-quality jeans.
To achieve the goal, he
suggested that in addition to capitalising on factors such as of its
young talented labour force, Vietnam should focus on modernising its
production technologies to improve product quality and most importantly
increase added value of production.
“World famous jeans
producers such as Levis Strauss or retailers UNIQLO, Zara, H & M, G
STAR, A & F, Polo Jeans or CK have taken notice of Vietnam’s
emergence in the industry and are keeping tabs on the development,” he
concluded.
In 2013, Vietnam's textile and garment industry gained
20 billion USD in export value. That represents a year-on-year increase
of 18.6 percent to reach 17.9 billion USD for textile and garment
exports and a 15.7 percent surge to reach 2.1 billion USD for fibre
products. The industry boasted a trade surplus of 5.12 billion USD last
year, with imports of raw materials estimated at 14.88 billion USD.
This
year, the textile and garment industry firms have started large
projects to expand their production and earn new business
opportunities.-VNA