Vietnam Hopes To Compete With China On Textile And Garment Exports To Japan

According to Vietnam Investment Reported in April 27th, though on the right day textile In terms of exports, China has an overwhelming advantage (90%), and Vietnam accounts for only a small share. but Vietnam? Regarded as the most powerful strategy of "China +1" strategy compete People. Japanese entrepreneurs believe that Vietnam will be a hopeful textile and garment in reducing its over reliance on China. market 。

At a consultation conference on textile exports to Japan in Hanoi organized by the Ministry of industry and trade export promotion agency in April 26th, a senior expert of the Japan Trade Promotion Organization (JICA) said: at present, Japan's textile and clothing imports amount to US $3 billion 700 million a year, only 5% of them are produced in Japan; 3 billion 300 million US dollars are imported from China, accounting for 90% of the total textile and clothing imports in the country.

But in the past 8 years, the wages of Chinese workers doubled, from 445 yuan in 2000 to 960 yuan in 2008. Some textile and garment enterprises are preparing to move their factories out of China. Vietnam may be the choice of Japanese enterprises.