Joining The WTO Will Create Great Opportunities For The Development Of Vietnamese Garment Textiles.

According to recent reports, Vietnam was affected by the global financial crisis and the European debt crisis in 2012. Spin The industry is still the leading enterprise in the country's economic recovery and growth, playing a major role in ensuring the trade balance based on export based development mode.

　　 Export situation of Vietnam's garment and textile industry

Despite many difficulties, Vietnam's textile industry continued to grow rapidly and steadily in 2012, and continues to be the leading export industry in the country. The total export volume of clothing, textiles and yarns was 17 billion 200 million US dollars, an increase of 8.5% over the same period last year. among clothing Textile exports amounted to 15 billion 800 million US dollars, an increase of 12%. In the export volume of $17 billion 200 million, Vietnam imported only $8 billion 800 million of raw materials, while about 50% of the original raw materials were produced in Vietnam. This shows that Vietnam's clothing and textile industry's prestige and competitiveness in the international market are increasing.

Vietnam Textile Association (Vitas) said Vietnam has been the world's top ten exporter of garment textiles, and the textile industry is also a major industry in Vietnam's export earnings, making an important contribution to increasing national revenue. Another major success of Vietnam's textile industry is to provide employment opportunities for 2 million 200 thousand people across the country. The per capita monthly income is nearly 5 million.

In the domestic market, the clothing and textile industry has become the largest and the largest economic sector in Vietnam. There are 4000 enterprises, with a turnover of US $20 billion, equivalent to 15% of GDP, and also a leading export industry, accounting for 18% of total exports. Vietnam has become the world's top five exporter of clothing and textiles.

In the international market, as of now, Vietnam's clothing and textiles have been spread all over the world in 180 countries and regions, conquering the picky market of the United States, Europe, Japan and South Korea. Vietnam's largest export market for clothing and textiles is the United States, Europe and Japan. Vietnam's exports to the US in the first 11 months of 2012 Clothing textiles 6 billion 800 million US dollars, accounting for 49.5% of the total exports over the same period, and exports to US $1 billion 790 million, an increase of 16.8% over the same period last year. Korea has become an emerging market for export of garment and textile products, with great potential and strong consumption capacity, and exports for the same period amounted to US $1 billion, up 20.9% over the same period last year.

Accession to the WTO and the signing of the free trade agreement, the elimination of trade barriers such as quota restrictions in the United States and other countries, the equality of tariffs among member countries, and more opportunities to own and use advanced technology, information, services and management experience, create great opportunities for the development of Vietnamese garment textiles.