Home / Knowledge / News / Apparel/Garments / No intention to break monopoly of Chinese in Japanese market - VITAS
No intention to break monopoly of Chinese in Japanese market - VITAS
21
May '09
The Vietnamese textile and garment had been flying very high on back of exponential growth in exports from the sector in the last few years. But the economic crisis has put brakes on the sector which is witnessing a slowdown never seen before in its key markets of the US and EU.

But there is a ray of hope for the Vietnamese T&G sector. The governments of Japan and Vietnam have signed a free trade agreement which entails zero percent tariffs on exports of textiles and clothing to Japan from Vietnam.

To know more about the potential and the impact that the agreement can create and bring on the textile and garment sector in Vietnam, Fibre2fashion spoke exclusively to Mr. Nguyen Son, Deputy Secretary General of the premier textile and garment trade body, Vietnam Textile and Apparel Association (VITAS).

We first asked Mr Son to share with us the amount of exports from the sector to Japan in 2008 and how much is Vietnam's market share in Japanese markets, to which he replied by saying, “In 2008, T&G export from Vietnam to Japan reached US $820 million, which has increased by 16.38 percent, when compared to 2007 and according to JTIF figures, exports of textile and garments to Japan from Vietnam in 2007 ranked third after China and Italy”.

We then asked him as to what all steps has the textile and garment industry taken to exploit this agreement to which he explained by saying, “We are conducting more promotional activities to make Vietnamese T&G companies known to Japanese textile importers and retailers; called on Japanese and overseas companies to invest in the T&G sector of Vietnam, especially in the field of material, fabric production to better exploit the garment production in Vietnam”.

He continued by saying, “Worked with Thailand, Indonesia, Malaysia to have better access to their fabric sources, so as to improve garment production in Vietnam for export to Japan; working with Japan for facilitating textile and garment trading centre's in Vietnam, to provide better services to our Japanese importers and also work with Japan for human resource training”.

When asked about breaking the monopoly of Chinese who are holding 80 percent market share of clothing export to Japan, he reply diplomatically by saying that they only want to increase their export and market share and that they do not intend to break monopoly of Chinese in Japanese market.

On asking as to what kind of competition Vietnam is expecting from countries like Thailand and Indonesia, who also enjoy benefit of free trade agreements with Japan, he said, “Vietnam still has certain advantages compared with Thailand on cheaper labour forces, but, we shall also work closely with Thailand and Indonesia to bring fabric from those countries to Vietnam for garment processing and export to Japan, so that we all benefit from that agreement”.

We concluded the interview by asking Mr Son to forecast the market share the Vietnamese textile and garment sector will be able to garner in the next three years, to which he was not willing to put a finger on the figures.


Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Vikas Banduke

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

October 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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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