According to the Africa, West Asia and South Asia Market Department (Ministry of Industry and Trade), in 2014, Vietnamese textile and garment enterprises have many opportunities to boost exports to the Middle East and Africa markets.
The demand for apparel imports from Middle Eastern countries has been increasing sharply in recent years. Vietnam's textile and garment export turnover to this market in 2013 reached 117.4 million USD, an increase of nearly 3 times compared to 2009.
Many Vietnamese enterprises have made quite large orders for the Middle East market, in which mainly robes for Muslims. Textiles and garments are exported directly to the Middle East market through importers from these countries, so the added value is quite high.
According to the Africa, West Asia and South Asia Market Department, in addition to Muslim clothing, modern office items such as shirts and jeans have also begun to be popular in the market. this. In addition, Middle Eastern countries are still potential markets for other textile products, especially fabrics and ready-made children's wear.
The main import markets of Vietnam's textile and garment products in the Middle East are the United Arab Emirates (UAE) and Saudi Arabia. In particular, Vietnam's textile and garment export turnover to the UAE in 2013 reached 53.8 million USD, an increase of over 300% compared to 2009 because the UAE is the trade and tourism center of the Middle East, a Most of the ready-made products in the UAE are for tourists.
According to the Ministry of Industry and Trade, at present, Vietnam's textile and garment products only account for a small market share in the Middle East market.
Besides the Middle East market, Africa is also considered as an area that will bring textile and garment enterprises many advantages to promote export activities.
According to the Africa, West Asia and South Asia Department, domestic textile and garment enterprises should also increase investment in 38 sub-Saharan African countries to export locally and take advantage of the EU's tariff preferences. Europe (EU) and the US.
The US African Growth and Opportunity Act (AGOA) allows nearly all goods from 38 sub-Saharan African countries, including textiles, to be exported to the United States duty-free and free of charge. limited in number. Therefore, most African countries enjoy preferential tariffs when exporting to the EU and the US.
According to the Africa West Asia South Asia Department, in many African countries, the textile industry is still underdeveloped despite having an abundant source of raw cotton. With the population and people's income increasing, this continent will become a promising textile and garment consumption market in the future. Therefore, investing in the African market, in addition to enjoying preferential tariffs, businesses also take advantage of cheap labor and raw materials to produce textiles and garments to serve the needs of the host country and export. export.
Nguyen Hue
Source: Customs Newspaper
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