Import Monitoring Program have been conducted since Jan 2007 by the US and threat of anti-dumping case against Vietnam Textile and garment Industry cause negatively influence on future of Vietnam textile and garment sector. Many US importers and retailers have reduced and relocated their sourcing away from Vietnam to avoid the threat of unpredictable and heavy dumping duties. Numbers of Vietnamese enterprises have postponed expansion of business due to lack of orders. Similarly, the US business that have invested and set up representative office in Vietnam have stopped their investment in response to the newly risk.

If the US eliminates the Import monitoring program in the beginning of 2009, Vietnam Textile and garment industry will gain opportunity to export fairly to the US. However, in the situation of crisis and decline of purchasing power, Vietnam may not get this advantage to increase the US-bound export.

It is realized that beside factors including capital, technology, and quality of human resource play a decisive role in increase of labor productivity. Productivity is created from rather best skill and talent of managers than raising labor intensity. It is good management method to make labor productivity rising and employers’ income increase. Being aware of this, we have paid a special attention on training and improving knowledge for managers and other staffs. Moreover, we evaluate and re-arrange staffs into appropriate position annually based on their professional skills, ability and experience

Downturn in the US economy causes decrease in purchasing power of the US consumers. Thus, Vietnam textile and garment enterprises had better diversify markets, not focus heavily on the US market. As regard to the US market, we have concentrated in improvement of high quality with reasonable price. Besides, Vietnam textile and garment enterprises will aim to quick respond, implement social responsibility and friendly environment.

Through Trade and Expos, enterprises get great opportunities to introduce their products to customers, promote brand names, establish and strengthen trade relationship with local and foreign buyers and partners; meet partners to exchange views and experience and information, find out competitive advantage relating to the industry; attract foreign investment, joint venture.

Based on 3 fundamental programs: Cotton planting, high quality fabric weaving and human resources training, Vietnam textile and garment industry has implemented its goal: To develop and supply high value-added product, increase localization ratio. Vinatex is the leading group in producing and trading textile and garment. Vinatex is on a progress of equitization to increase management effectiveness and mobilize more capital in order to above-mentioned programs.

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