Home / Knowledge / News / Textiles / Vietnamese textile firms passive in global value chains
Vietnamese textile firms passive in global value chains
31
Mar '16
In what could be a matter of concern for Vietnam's textile industry, Deputy Minister of Industry and Trade, Nguyen Cam Tu said that the country's textile and apparel sector remained passive in global value chains (GVCs).

The Deputy Minister's comment in Hanoi on Tuesday came at workshop to discuss ways to promote the participation of APEC small- and medium-sized enterprises (SMEs) of textile and apparel global value chains.

Tu said the value chain follows the creation of products or services through different production phases, including physical transformation, the input of various manufacturing services, the distribution of products to consumers and their disposal after consumption.

These activities can be conducted within the enterprises or among different enterprises of a particular geographical area.

“In fact, the GVCs are a new and more comprehensive approach to international divisions of labour. It means that any enterprise participating in the process of manufacturing can be considered to participate in the GVCs,” he said.

However, access to international divisions of labour based on GVCs would help enterprises have a better understanding of their position in the global market, and therefore they can actively select appropriate phases to maximise their benefits, he said.

Ph?m Quynh Mai, Deputy Director of the Multilateral Trade Policy Department under the Ministry of Industry and Trade, said the textile and apparel sector faces difficulties despite its fast growth. The sector is still dependent on imported raw materials, particularly from China.

“This will have a big impact on the country's textile and apparel sector if the market has disadvantageous changes,” she warned.

Nguyen Huong Tra, an SME development expert who addressed the workshop, said that in order to access markets, enterprises need strategies and knowledge. SMEs should sign design and outsource manufacturing contracts with large enterprises to learn from their experiences, he said. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 27th Apr 2017

Boohoo's revenue increases 51% to reach £294.6 mn

Fashion e-commerce marketplace Boohoo has recorded a 51 per cent...

Apparel/Garments | On 27th Apr 2017

Amazon catching up with Flipkart in India: RedSeer

Online marketplace Amazon India has caught up with its biggest rival...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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