Illustrative photo (Source: VNA)HCM City (VNA) – Local producers have been able toensure material supply for denim production, with localization rate in denimtrousers reaching 55 – 60 percent, said Vice General Secretary of VietnamTextile & Apparel Association (VITAS) Nguyen Thi Tuyet Mai.
Mai released the information at a workshop on the sidelinesof the 4th Denimsandjeans.com Vietnam Show, that took place in in Ho Chi MinhCity on June 12 and 13.
According to her, both domestic and foreign firms in thefield have been actively investing in modern production assembly andtechnology. Particularly, Vietnamese companies are striving to increase theirinvolvement in production, including design work.
Currently, the sector has formed a complete supply chain indenim fabric production as it is capable of supplying itself with fabric andyarn.
However, the number of enterprises operating in the denimindustry remains modest. The proportion of denim products, meanwhile, makes uponly 10 – 20 percent in the structure of Vietnam’s garment-textile exports.
Vietnamese garment-textile firms are changing theirproduction models towards meeting standards required by free trade agreementssigned by the country and taking part in the global supply chain. As such, theVITAS said it is a favourable time for foreign companies to approach theVietnamese market for machine-equipment supply and technology transfer.
Asia Division Director Jordi Juani of the Spanish finishingspecialist for sustainable clothing Jeanologia stressed the importance ofswitching to more advanced production models, as the current denim production posesa threat to the environment.
So far this year, textile and garment export turnover is estimated at9.43 billion USD, an increase of 9.8 percent from the same period last year.-VNA
VNA
