Accelerating The Withdrawal Of China'S Textile Industry, Is Still A High-End Sweet Cake

As we all know, because of cheap labor and other factors, more and more light industries have begun to move out of China. This kind of foreign companies moving out of China generally choose state-owned factories such as Vietnam and Indonesia which are close to China. That is because they can't control the cost without Chinese raw materials!

According to the latest data of OTEXA, the world trade in textile products and clothing has changed, as many countries begin to move from China to new countries such as Vietnam, Bangladesh and Indonesia.

The outbreak of the epidemic endangers economic development, and the export volume is pitifully small. He has been confident in the domestic market, but has been limited in his ability to consume. For example, according to the data of the National Audit Office, in the months of 2020, the total retail consumption across the country decreased by 20.5% compared with the same period of last year, and the consumption of home textiles and textiles also decreased by 30.9%.

What's more, Vietnam's textile industry has suffered serious losses due to the outbreak of the epidemic. About 70% of the orders from European and American countries have been cancelled directly. In addition, Vietnamese government departments have also indicated that although most countries will open up again by the end of May, they have lost 1 trillion Vietnamese Dong (300 million Chinese yuan), which can not be recovered!

In fact, as the most important raw material distributor of Vietnam's textile industry, China has also suffered a lot. However, Vietnam did not seem to identify it. It just announced directly that it would carry out anti-dumping investigation on raw materials against Indonesia, Singapore, Indonesia, including China!

Vietnam will choose this opportunity to create difficulties, mainly to solve the dependence on external raw materials, and then help the country's raw material industry chain! But Vietnam thinks too well, because even if it does not use raw materials from other countries, it can not change Vietnam's brand image in the hearts of European and American countries!

Some European and American clothing companies said that the clothes produced and processed in Vietnam are generally fast fashion brands, and the price is generally not high, so even if there are loopholes, they will not lose too much!

But China is not the same, the general high-end brand clothing manufacturers will still choose to come to China for production, only because of the better technology of Chinese workers, it is not easy to smash the brand!

Vietnam once said harshly that Vietnam's export volume this year has been set at 300 billion yuan, although under such circumstances, Vietnam's textile export in 2020 has reached US $42.5 billion (RMB 294 billion yuan), and this goal is likely to be achieved after reaching a free trade agreement with the European Union.

The premise of Vietnam's textile industry development is to rely on our country's raw materials, and 60% of the auxiliary materials are from our country. In particular, some yarns and fabrics are imported from our country. And in the world, there is a voice: if there is no support from Chinese raw materials, there will be no Vietnamese made.

In a word, although the outside world thinks that Vietnam has already become the global textile management center, the objective fact is not like this. In addition to producing and processing some cheap clothes, Vietnam has no advantages at all, and the raw materials are not good. Vietnam can not enter the overseas medium and high-end sales market. If it does not want to improve, Vietnam will probably suffer serious losses!