Related Keywords: exploit ASEAN market, fully vertical integrated supply chain, Garment and textile industries, global apparel trade, improve competitiveness, imprt fabric, production hub, strengthen cooperation, TGMA, Thailand and Vietnam, TPP, yarn export
Thailand and Vietnam garment and textile industries to improve competitiveness and exploit the ASEAN market need to strengthen co-operation. Establishing fully vertical integrated-supply chain between Thailand and Vietnam would be one of the big steps toward granting and sustaining competitiveness.
Nguyen Van Tuan, deputy general secretary of the Vietnam Textile and Apparel Association, said that in recent years Vietnam has emerged as a production hub for garment and textile products. However, the industry has had to import up to 85% of materials needed for production.
