Từ khóa: #localization ratio

Vietnam has risen to the top three largest textile and garment exporting countries in the world. However, it is worrisome that the development structure of enterprises in the textile and garment industry is unbalanced, with garment enterprises accounting for the majority and those producing raw materials being very few. This fact makes the textile industry face the challenges of instability of growth.

The Sourcing Fair for Supporting Industry with Buyer 2020 held by the People’s Committee of Ho Chi Minh City on September 17 attracted the participation of nearly 74 domestic and foreign enterprises. Mr. Duong Anh Duc, Vice-Chairman of the municipal People’s Committee also attended the event.

Along with several free trade agreements that have been signed, countries in the world have also increased the technical barriers and safeguard measures to protect domestic production. This has caused many Vietnamese enterprises to face the risk of losing the export market if they do not prepare carefully before joining the market.

The Government has just promulgated regulations on selective foreign direct investment attraction for nearly three years, but Dong Nai Province has been ahead of the whole country in carrying out this policy for more than ten years. Therefore, the province’s FDI capital invested in the supporting industries is among the highest across the country and is considered as the capital of the supporting industries by many enterprises.