Production for export to Japan at the Hung Viet garment company in Hung Yen province's Yen My district (Photo: VNA) Hanoi (VNA) – The Bangladeshi newspaper The DailyStar has recently published an article highlighting advantages of theVietnamese garment-textile sector, including low lead time, quality fabric,upmarket focus.
The article took an instance in the EU in 2020 cited by the BangladeshiCentre for Policy Dialogue (CPD) in a research last month. Accordingly, againstevery 100 kilogrammes of t-shirts, Vietnam managed to fetch 2,157.9 USD lastyear, whereas it was 1,091.5 USD for Bangladesh. In 2019, the rates were goingat 2,099.7 USD and 1,097.5 USD, respectively.
In explanation of these figures, Khondaker Golam Moazzem,the CPD's research director, said the quality of Vietnamese fabrics beingsubstantially better and a section of its people having a taste for high-endproducts.
The use of a higher quality of fabric guarantees Vietnamesemanufacturers better prices from buyers, he explained, adding that the countryhas a higher number of upscale product brands and retailers.
This result from a better country image, a higher ranking inthe ease of doing business index of the World Bank, and the inclination towardscompliance, human rights, and environmental protection practices, he said.
AK Azad, managing director of Ha-Meem Group, one of the leadinglocal garment exporters in Bangladesh, said Vietnam makes good use of itshighly available, top quality raw materials and has low lead time. Vietnamships garments to the EU in 30 days, while it takes longer for other countries,including Bangladesh.
According to KM Rezaul Hasanat, chairman and chief executiveofficer of Viyellatex Group, another top local garment exporter, Vietnam is strong in manufacturing outerwear for peopleliving in cold climates alongside high-quality blazers and woven formal shirtsand trousers in the EU and US markets. The nation also produces a lot ofsportswear, and their prices are very high. Almost all globally renowned sports garment brands and retailers source products from Vietnam.
Bangladesh is a leading garment producer in the world and is one of the rivals of Vietnam in this field./.
VNA
