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According to the Vietnam textile and Apparel Association forecast released in February, Vietnam's total exports in 2009 will reach $9 billion 500 million, representing an increase of 5% in 2008. The Vietnam leather and Footwear Association also estimates that exports of Vietnamese leather and footwear will rise by 12% over the same period.
in the face of the economic downturn, all take positive strategy in Hanoi, Hu Zhiming and Da Nang business manufacturers, efforts to get through. However, with a number of countries import purchasing power is falling, and previous export quotas for India, Bangladesh and China mainland products recently canceled, bring greater competitive pressures for the textile, clothing and leather products in vietnam.
in addition, the US Consumer Product Safety Commission introduced regulations in February this year to examine products more closely in order to strengthen product safety. The European Union's shoe anti-dumping system also has an impact on Vietnam's main exports.
: despite the challenges, Huang Zhonghai, Deputy Prime Minister of Vietnam, said the textile, clothing and leather shoes industry should maintain production and strengthen its position in the traditional market, while trying to expand new markets. More importantly, the Deputy Prime Minister has asked the national management to cooperate with the enterprises to help them overcome their difficulties.
Chinese mainland products are cheap; they pose a keen competition for Vietnamese clothing; the recession also affects patterns of spending by local and overseas consumers. As a result, output and sales of textiles and clothing in Vietnam have declined significantly since the beginning of 2009.
Vietnamese enterprises will try to enter the Middle East, Eastern Europe and Africa's new export market; Hongkong, mainland China and other regions will join the ranks of the industry. It has been suggested that Vietnamese vendors can expand their market by establishing a network of Vietnamese retail clothing stores that are not currently available overseas.
Vietnam textile and Apparel Association and the Vietnam leather and Footwear Association has asked the government allocated approximately $286 million from the economic stimulus plan in the first 6 months of this year in Africa, Japan, Eastern Europe and South America to expand export activities. The two associations also requested the government to allocate funds from the national budget to pay 50% interest on all outstanding bank loans for exporters of textiles, clothing and leather shoes.
in addition, the two Association asked the government for exports of textiles, clothing and shoes, the required processing of imported products or equipment should be suspended VAT, and wanted the government to reduce taxes for imported equipment.
(Editor: admin)
