Related Keywords: access benefits of TPP, garment and textile material zone, material production, stricter environmental regulation, TPP agreement, Vietnam garment and textile industry, weaving-dyeing-garment production chain
The material source for Vietnam garment and textile industry is mainly imported. According to Vietnam Textile and Apparel Association (Vitas) around 60-70 percent of material is imported and 80 percent of businesses in this industry are doing outwork, resulting in low added value.
TPP will benefit those using materials made in their countries or in TPP member nations. Local businesses are short of capital to invest in this field, making them unlikely to enjoy tax incentives from Trans-Pacific Partnership (TPP) agreement which is expected to be signed this year.
