Vietnam's Textile Industry - Opportunities and Challenges

1
Vietnam's Textile Industry - Opportunities and
Challenges

• Vietnam's textile industry has expanded
  altogether since normalizing associations with
  the United States in the 1990's.
• The textile business is presently the second
  greatest exporter in Vietnam.

2
Labour Cost Advantage

• In the textile business, organizations are
  progressively searching for lower cost nations
  that can give outsourcing opportunities. The
  increasing expense of land and labour are
  lessening China's work cost favorable position
  and Vietnam is progressively observed as an low
  cost sourcing alternative option to China.

3
Low Cost Location

• However, low cost labour is not really an upper
  hand in the long haul. Labour cost continues
  changing and today's low cost location is not
  really tomorrow's suitable outsourcing location.
• If it is not China or Vietnam, it could be
  Bangladesh or Cambodia.

4
The Vietnam Advantage

• Manufacturing advantages in Vietnam go beyond
  labor cost and the nation has some upper hands
  contrasted with China.
• Vietnam has great weaving skills and needle work.
  A great deal of designers and producers require
  weaving skills and Vietnam has stayed in contact
  with its traditional roots.
• Vietnam has higher production minimums than
  numerous different nations. Lower minimums would
  permit smaller organizations to source their
  product in Vietnam.

5
Intellectual Property Threat

• For some organizations outsourcing to Vietnam,
  intellectual Property (IP) remains a concern.
• Inside the fashion business, IP is not as
  enforced as it is inside the film and music
  industries. Designers can "take inspiration" and
  it is viewed as a noteworthy driver for setting
  trends in the business.

6
Infrastructure Development

• For Vietnam to progress as an outsourcing
  location, the textile industry supply chain needs
  to be considered. Nearby logistics are impacted
  by immediate and indirect cost.
• Numerous experts believe that China's propelled
  foundation gives it a noteworthy upper hand.
  Power and transportation expenses will probably
  descend much further and this will significantly
  affect the aggregate cost, regardless of the
  possibility that their labour is more costly.

7

• Through evaluating the overall supply chain,
  instead of a solitary concentrate on labour
  costs, it is simpler to recognize where Vietnam's
  opportunities and challenges lie in the textile
  business.

8
Contact Us

• Website
• http//www.qaizengroup.com/services/Importing-
  from-vietnam
• Address
• Qaizengroup
• Baccarat Towers, Xintiandi, HuangPu District,
  Shanghai,China, 200040
• Contact Details
• Email info_at_qaizengroup.com
• Phone [phone]
• Mobile [phone]
• Fax [phone]