Pham Van Viet, General Director of Viet Thang Jean Co., Ltd., said major importers like the US, Europe and Japan prefer supply-chain linkage, which, however, remains weak in Vietnam.

Illustrative image.

Given this, the domestic garment-textile sector should make greater efforts and take solutions to integrate more intensively and extensively into the global supply chain, he stressed.

Building a sustainable supply chain requires a long-term, well-designed strategy, Viet said, urging Vietnamese enterprises to adopt a long-term mindset in supply chain restructuring and reposition themselves in the market.

Viet pointed out that the cut, make and trim (CMT) manufacturing generates low profits and causes price pressure, forcing firms to shift to the business of freight on board (FOB), original design manufacturer (ODM), or original brand manufacturer (OBM).

Without a long-term mindset and vision, domestic enterprises would not be able to integrate into the global supply chain more deeply, he continued.

To raise their self-reliance in material supplies and reduce their dependence on imports, economist Vu Dinh Anh proposed the State perfect laws and policies on support industries, which, he said, should direct the planning of support industry clusters to attract more foreign investments.

Trade counsellors should play a more active role in seeking and expanding import and export markets, and supporting businesses in technological transfer, thus raising their competitiveness in the global value chain, he said.

In another view, Viet suggested building a design centre in Ho Chi Minh City which makes up more than 40% of the country’s total garment-textile export revenue.

The centre will serve as a playground for designers and apparel enterprisers nationwide, he explained.

The Vietnam Textile and Apparel Association said it will continue raising policy proposals to competent agencies to facilitate the operation of domestic firms, while enhancing coordination with other domestic and foreign organisations in supporting them in terms of both technological and capital.

Building stable labour supply chain a key solution to post-pandemic recovery

Building stable labour supply chains with labourers put at the centre of all policies and emphasis laid on ensuring income and social security is one of the solutions to post-pandemic economic recovery, heard a seminar in the framework of the 4th Vietnam Economic Forum held in Ho Chi Minh City on June 5.

PM speaks of major tasks to raise labourers’ material, spiritual life

Prime Minister Pham Minh Chinh outlined main tasks to improve the material and spiritual life of labourers at a meeting on coordination between the Government and the Vietnam General Confederation of Labour (VGCL) in Hanoi on February 1.

Made-in-Vietnam biodegradable materials to be sold in North America

Biodegradable plastic materials meeting strict international standards produced by An Phat Holdings (APH) of Vietnam will be distributed throughout North America in the coming time.

Vietnam's wood industry seeks to ensure self-sufficiency in domestic materials

Promoting domestic production of wood materials plays an important role in minimising instabilities related to wood imports for processing in the future, said insiders.

More material areas for agricultural product processing needed

(BGO) - Bac Giang has room to develop agricultural raw material areas for processing, but many localities have not yet tapped this advantage. Many processing enterprises in the province still have to purchase agricultural products from other provinces and cities, making production costs high and products less competitive.

Source: VNA