Textile News, Apparel News, RMG News, Fashion Trends
Textile World

Vinatex urges Vietnam’s garment factories to comply with ‘Rules of Origin’

The textile and garment factories must have to comply with ‘Rules of Origin’ if it has to benefit from the recently signed free trade agreements (FTAs) said Vietnam National Textile and Garment Group, or VINATEX.

Vinatex urge garments comply to Rules of Origin
Figure: Vietnam needs to invest in fabric production to meet origin requirements while exporting to CPTPP and EVFTA countries. Courtesy: bdg-asia.com

Lê Tiến Trường, General Director, VINATEX said, “Vietnam needs to invest in fabric production to meet origin requirements while exporting to CPTPP and EVFTA countries.”

He also emphasized that it will not be relaxed for Vietnam as it will have to compete strongly with major fabric producers China and India especially with regard to design, quality and price.

He added that while investing in fabric production, production scale must be taken into consideration as Vietnam’s apparel sector uses less than 1 billion meters of woven and knitted fabric annually or 18% of global exports.

“If fabric production targeted only Việt Nam, production scale would be too small while investing in large-scale production,” said Trường.

If anyone has any feedback or input regarding the published news, please contact: info@textiletoday.com.bd

Related posts

Bangladesh is still ahead of Vietnam in apparel exports

Textile Today

Vietnam surpasses Bangladesh in RMG exports

Nurnahar Akter Tania

Stäubli at Saigontex – Technologies adapted to Vietnamese market needs

Textile Today

Latest Publications

View All