The localization rate of Vietnam's textile and garment reaches the highest level, near the target of 60%

Ty le noi dia hoa det may Viet Nam len cao nhat, gan muc tieu 60% hinh anh 1

The localization rate of textiles has exceeded 50%. (Photo: PV/Vietnam+)

According to Mr. Le Tien Truong, Chairman of the Board of Directors of the Vietnam National Textile and Garment Group (Vinatex), so far, the localization rate of textiles and garments has only reached about 50%, but in the first eight months of 2022, the localization rate has only reached about 50%. of the textile and garment industry has increased to 57%, approaching the target of 60% by 2025.

Exports hit impressive numbers

Vinatex's report shows that, in the past 8 months, Vietnam's textile and garment industry achieved an export turnover of about 30.2 billion USD, an increase of nearly 20% compared to the same period in 2021. This is the highest growth rate. over the past 10 years.

[Must improve the position of textiles in the supply chain]

Especially, according to the data of the General Department of Customs, all imported materials and accessories for the textile and garment industry are about 13 billion USD (after excluding about 1.5 billion USD of accessories for the leather footwear industry). ).

Thus, Vietnam's textile and garment industry has generated 17 billion USD, a trade surplus from exports and of this, only about 6.5 billion USD is the salary for workers, the rest is nearly 11 billion USD is the job. purchase raw materials and auxiliary materials in the country.

“Besides generating turnover, the textile and garment industry also creates impetus to recover many businesses of different types,” said Mr. Le Tien Truong.

Notably, although the textile and garment industry ranks fourth in export turnover, the trade surplus of textiles and garments always ranks first. For example, in 2021, it will reach about 20 billion USD.

Among textile and garment exporting countries, Vietnam has the earliest opening-up policy for normal operations compared to Bangladesh, India and China.

Therefore, in the first half of this year, Vietnam's textile and garment industry has taken advantage of this great opportunity, with abundant orders, good business results, and high efficiency. This is a positive response from the policy, including both opening the door and supporting policies for workers to return to the business as quickly as possible, recovering the labor market as well as production and business activities. .

Mr. Le Tien Truong shared, thanks to the proactive implementation of policies to support wages for employees when businesses have to close to prevent epidemics; policies to support rent when workers return to production... the export industries, including textiles, have reaped benefits, which is clearly reflected in the high growth rate of production and business efficiency, continue to improve market share and growth quality.

 

Investment orientation in the green economy

However, up to now, the policy areas that have been implemented early have brought benefits to Vietnam's textile and garment industry and other export industries, but other countries have also applied.

Currently, countries have also opened their doors, returned to normal production, and implemented measures to support interest rates for businesses such as Bangladesh, India, etc. Meanwhile, world demand has plummeted due to the world economic downturn. recession, inflation increased.

According to the assessment, in the first half of the year, the US economy's inflation increased to 9% compared to June 2021, but the price of textile and garment goods decreased by 9%. Inventories increased significantly.

“It can be seen that, if in the first eight months of the year on average, the textile and garment industry can export 3.7 to 3.8 billion USD per month, it is expected that the last 4 months of the year will only export 3.1 to 3.2 billion USD. ,” said Vinatex leader.

- Exporting textiles to a number of countries in the 7 months of 2022:

To support the textile and garment industry, Mr. Le Tien Truong proposed to the authorities a number of solutions, in which considering the purchase of domestic goods for export, conducting post-inspection, at the same time not forcing the payment of VAT in advance. import tax to increase the ability to consume domestic goods.

Case 2, for the industries that still have orders, the credit room for short-term loans is very important for businesses to maintain production and business, while now all customers in the world are relaxed. payment period from 90 days ago to 120 to 150 days.

“The time extension alone has increased the demand for working capital, not to mention that we want to do FOB delivery a lot, working capital increases but the room is not available, making businesses very limited in capacity and production opportunities. business,” said Mr. Truong.

For the medium term, Vinatex determines to invest in innovation in the direction of green economy, circular economy, but this is a large investment rate, when put into operation, the cost is also very high.

Therefore, the representative of Vinatex wishes that the export industries that are bringing in a relatively good surplus, using a large labor source, with a value added value of more than 50% in the country should be considered carefully. separately to strengthen the capacity of this sector, create jobs, bring surplus and ensure the growth rate in the coming time.

Duc Duy (Vietnam+)

https://www.vietnamplus.vn/ty-le-noi-dia-hoa-det-may-viet-nam-len-cao-nhat-gan-muc-tieu-60/817198.vnp

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