Home / Knowledge / News / Apparel/Garments / Imports from China and Japan floods domestic market
Imports from China and Japan floods domestic market
10
Sep '08
Imported goods, despite being expensive, are sweeping the domestic market and are posing a threat to the locally produced and relatively cheap products sold in the super-marts and retail stores.

Hachihachi, a mini super mart in Ho Chi Minh City, has attracted a large crowd of customers by virtue of its specialization in selling imported goods from Japan. Goods on sale are diverse and range from simple everyday commodities of use to high technology products.

However, not all of these goods are from Japan, a number of them are made in Poland and China and are exported by Japanese companies for its local consumers.

It's a common believe in Vietnam that goods made in Japan are of superior quality and are more durable which is why there is a huge demand for these products in the country. According to the General Statistics Office (GSO), in the first eight months of this year, six groups of import products saw value increase by 100 percent over the same period last year.

Besides, a large number of foreign made products, especially in the apparel market have started to dominate the domestic markets. European and South Korea brand names have miraculously taken over the luxury segment of the market while the Chinese products have been doing quite well in catering to the section demanding cheap clothing.

Most of the domestic garment companies in HCM City are of the opinion that locally produced goods are being marginalized. To overcome the threat of being completely wiped out in competition and that too in its own domain, many are considering setting up a division in charge of importing products for domestic sale.

When reasons for such dramatic takeover of domestic market by foreign goods was assessed, experts noted that lower import tax on Chinese goods when compared to those charged on other WTO members, was one of the main reasons behind a huge influx of these goods in the market. Moreover, time and again, Chinese products have proved to be more competitive than the Vietnamese ones.

A survey made on various super-marts have revealed that domestically- made apparel products account for only 30-40 percent of the apparel sales while the others are usually those imported from China.

Vietnamese companies suffering a loss in their business have unanimously agreed that foreign-made products have been flooding the market and that they are trying hard to regain their lost grounds.


Must ReadView All

Market share of Indian textile items expand in 13 nations

Textiles | On 11th Dec 2017

Market share of Indian textile items expand in 13 nations

Thirteen countries — Germany, France, Italy, the United States,...

Courtesy: EUBrasil

Textiles | On 11th Dec 2017

Euratex, ABIT welcome negotiations for EU-Mercosur FTA

European Apparel and Textile Confederation (Euratex) and the...

Most firms expect no change in investment plans: CII survey

Textiles | On 11th Dec 2017

Most firms expect no change in investment plans: CII survey

Despite visible optimism in Indian industry with the Confederation of ...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search