Textile takes advantage of great opportunities

The items that have been granted C / O form EUR.1 are mainly footwear, seafood, plastic and plastic products, coffee, textiles, bags, suitcases, vegetables, rattan products, bamboo. , knitting, ... Import markets for Vietnamese-made goods are mostly countries with EU ports and distribution and transit centers such as Belgium, Germany, the Netherlands, France, and the UK. In particular, many shipments have arrived in the EU market, cleared customs and enjoyed preferential treatment.

Leaders of the Vietnam Textile and Garment Group (Vinatex) and the Vietnam Textile and Apparel Association (Vitas) all admitted that EVFTA is a great opportunity for businesses in the industry to bring their products to Europe, to improve the situation. operating in the context as of the end of August 2020, textile and garment exports decreased by 11.6% over the same period when only reaching 19.2 billion USD. This means that the export target of 42 billion USD in early 2020 is even farther away.

Even compared to the scenario of the adjusted export forecast in May 202020 of 30 - 31 billion USD, the pressure to find export markets and orders in the last 4 months of the year is also not an easy task. Leaders of many textile and garment enterprises admitted that EVFTA is the best opportunity for Vietnamese businesses to escape the current difficult spiral.

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However, there are 2 problems that textile enterprises have to solve soon if they want to take advantage of the opportunities from EVFTA are the story of fast price and fast response time. Along with that are the bottlenecks of logistic capacity, rules of origin, not to mention the need to diversify products through the supply of specialized textiles, high technology, multi-detail or protective goods. labor, sports, and health.

The Import-Export Department also said that, due to the impact of the COVID-19 epidemic, the goal of reaching an export turnover of 24 billion USD in 2020, it is almost certain that the leather, footwear and handbag industry of Vietnam will not be able to fulfill the target Being mention. By the end of August 2020, footwear export turnover was only 10.9 billion USD, down by 8.6% over the same period last year.

According to the Vietnam Leather and Footwear Association (Lefaso), out of the current total export value, the leather and footwear industry only enjoys 35-40% of the value, of which 25-30% is used to pay labor costs, 5 % is the cost of foreign trade delivery. Therefore, the actual value that enterprises in the industry receive is very little.