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Zara Vietnam Has 1 Trillion And 700 Billion Revenue In Three Years, And Vietnam's Garment Industry Is In Poor Condition.

2019/7/25 13:29:00 56

Zara

In September 8, 2016, Zara officially opened the first store in Vietnam in the first Vincom Center of Hu Zhiming. It was less than 3 years ago. In 2018, its revenue reached 1 trillion and 700 billion Vietnamese shield (about 500 million yuan).

Zara first year after the opening of Vincom Center in Hu Zhiming city in September 8, 2016, Zara Hanoi opened in November 9, 2017. It is also in Vincom Center. It is Vincom Center on B Tri Tri Road, and its stores are 3 storeys, with a total area of 4500 square meters.

It is understood that Zara is a Spanish brand belonging to the Inditex group. Inditex ranked first in Spain, surpassing the US GAP, Sweden's H&M, and Denmark's KM to become the world's top apparel retail group, with a total of 8 clothing retail brands, and Zara is the most famous among the 8 brands.

Investors regain confidence! Vietnam's textile industry has attracted a new wave of return.

In the first quarter of this year, Vietnam attracted foreign investment totaling 10 billion 800 million US dollars, an increase of 86.2% over the same period last year. According to the latest news, in the first half of 2019, the total export volume of Vietnam's textile and garment industry reached 18 billion 100 million US dollars, up 9.3% over the same period last year.

More than a year ago, Vietnamese textile and garment enterprises encountered a series of orders from foreign investors to withdraw from the market, looking for a competitive field, according to Vietnam's window.

However, in the short term, Vietnam has regained its trust in its adjustment steps, from technology investment to cost reduction and adjustment policy. Foreign investment. Vietnam's textile and garment industry is booming, with large orders returning to Vietnam.

This is what the Vietnamese textile and Apparel Association (Vitas) said, because Vietnam's textile and garment industry has the advantage of quality products, enterprises can make many orders difficult to achieve fast delivery. Therefore, after a period of time, the partners found no quality assurance, delivery time, and changes in domestic enterprises through other countries' orders.

Itou Tada group (Japan) spent 5 billion yen (about 47 million US dollars) to buy nearly 10% of Vinatex shares. Itochu owns nearly 15% of Vinatex shares. In addition, far east apparel Limited (Bermuda) has an investment certificate in manufacturing plants and processing garments in the VSIP II-A industrial area (Pingyang) with a registered capital of 25 million US dollars.

Earlier, the Far East Group (Taiwan) has spent hundreds of millions of dollars on fabric and chemical projects at the Bau Bang Industrial Park, and continues to sign contracts to lease more land and open it here. Extensive investment.

In the north, Herberton (Singapore) Limited invested in Ramatex textile and garment factory in Nam Dinh Province, with a total investment of US $80 million. The plant is expected to start operation next year, producing 25000 tons of fabric and 15 million garments a year, creating employment opportunities for about 3000 workers.

It can be seen that in this period of return, foreign investors are not just outsourcing, but from direct investment and indirect investment to the diversification of acquisition and acquisition of textile and garment enterprises. It is predicted that textile projects will continue to develop in Vietnam in the coming period. Up to now, most foreign direct investment projects have invested in yarn, clothing and accessories.

Status quo: orders are not up to expectations, small businesses to produce or stop production.

However, although Vietnam's textile and garment exports generally increase sharply at the end of the year, it is difficult to achieve the annual target of 40 billion US dollars in export volume. With the weakening of the whole world environment, Vietnam's textile industry is also facing great challenges.

Gao Yu Xiao, chief executive of Vietnam textile and Garment Group (Vinatex), said that in the first half of this year, Vietnam's textile and clothing exports totaled 18 billion 100 million US dollars, up 9.3% over the same period last year, of which Vietnam's textile and Apparel Group's exports amounted to US $1 billion 320 million, up 0.7% over the same period last year, reaching 44.5% of the annual plan.

Vietnam's exports to the United States amounted to 7 billion 220 million US dollars, an increase of 117%. It is still the largest export market for Vietnamese textiles and clothing, and exports to the European Union (EU) amounted to US $2 billion 560 million, an increase of 11.7%, and exports to China amounted to us $2 billion, an increase of 10.3%. Exports to Japan amounted to US $1 billion 890 million, an increase of 5.2%, and exports to Korea amounted to 1 billion 630 million US dollars and 4.6% growth. In the past, the volume of orders was quite large, but the order volume was not up to expectations. Therefore, all fiber enterprises must make enough production and sell the stock fibers mainly.

As for the garment industry, because the importers of big market are listening to the market voice and estimating the market trend, the order volume suddenly drops, the quantity decreases, and the execution time is shortened. Because of this, orders for the major garment enterprises have been put into the third quarter. Other small businesses are operating hard, and they can only produce or stop production in proper quantities.

In the same state, Ruan Wen Huang, general manager of Dovitec, said that the company is currently receiving orders for September, and is still negotiating with its clients to the end of the year. In the first 6 months of this year, the company's exports amounted to 45% of the annual plan (2 trillion and 100 billion of the total expected for the whole year).

Although the export target is equivalent to 2018, the company is also faced with problems such as reduced order price, personnel changes and so on, which makes the company encounter many difficulties. However, because export textiles often increase sharply at the end of the year, the completion of the target is just around the corner, so as to ensure the stability of the employment of ten thousand workers, with a monthly income of 9 million 200 thousand over shield.

On the other hand, unlike those facing difficulties, Ruan Wenshi, chairman of TNG investment and trading company, said that the company had a steady customer volume, so the export of its products increased continuously. The export volume in the first six months of this year reached US $130 million, reaching 61.9% of the annual plan (annual target of US $210 million).

Among them, exports to the United States and other important export markets such as other Member States, the European Union and Russia in the comprehensive and progressive trans Pacific Partnership Agreement (CPTPP) are increasing. About the order quantity, the company has signed the contract with the partners to the end of the year, and even some are negotiating to sign the contract next year.

In the coming months, the export market will release positive signals, which will create a precondition for Vietnam's textile industry to achieve its planned goals. In addition, the Sino US trade war has led some investors to turn their attention to Vietnam's market and expand production scale and export market, so as to create convenient conditions for domestic enterprises.

Vietnam, not to be underestimated! Having ambition to become a factory in the world

At present, Vietnam has become the third largest textile exporter in the world.

Vietnam's GDP growth rate has been maintained at 7 percentage points for many years.

With the increasing supply side reform and the increasing cost of labor and environmental protection in recent years, China's textile industry is undergoing an industrial transfer, and the textile industry in the southeast coastal areas has gradually shifted to the central and western regions of China and Southeast Asian countries. Vietnam is the most important country in the transfer of China's textile industry.

In recent years, a large number of weaving and garment enterprises in China have chosen to run factories in Vietnam. At the same time, some tycoons such as Adidas, Nike and UNIQLO are also transferring their factories to Vietnam. With the help of various favorable factors, Vietnam's textile industry has ushered in the golden period of development.

From a tariff point of view, Vietnam has formed a relatively large and mature free trade system, and Chinese enterprises have become more and more popular in order to avoid trade barriers and increase investment. Especially after 2019, Vietnam's new foreign trade agreements came into effect, and Vietnam's export tariff advantage is further highlighted.

In April 24th of this year, Vice Premier Zheng Dingyong of the Vietnamese government signed the government's decision No. 18/2019/Q? -TTg, which banned the import of machinery, equipment and production lines with a technology life span of 10 years or more, and will take effect in June 15, 2019.

This means that Vietnam is not only satisfied with low profit links such as garment foundry, but will directly enter the raw material and fabric market. If all textile enterprises investing in Vietnam want to continue to enjoy a low tariff policy, the origin of textile materials used in the future will have to be 90% in Vietnam.

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