Viet Nam Textile and Apparel Association
Fabric production is a challenge for Vietnam's textile and garment industry when it comes to free trade agreements (FTAs) requirements on product origin.
Inflated logistics costs were hampering the competitiveness of Vietnamese goods, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.
While most textile and footwear enterprises in Vietnam struggled to find alternative sources of raw materials to maintain production, some with local sources have survived during the COVID-19 pandemic.
Vietnam’s garment and textile exports were estimated at US$39 billion this year, slightly falling short of the US$40 billion target.
The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Vietnam’s yarn industry, according to Vietnam Textile and Apparel Association (VITAS).
Many localities in the country have refused textile and dyeing projects due to fears of environmental pollution, said Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS).