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Cotton bolls or high fashion -- where should Vietnam place its bets? 2010-06-17 - Thoi bao Kinh te Saigon
An economic magazine, Thoi Bao Kinh Te, thinks that to increase ‘local content’ in textiles and apparel exports,
Stitching together rich opportunities Textiles and dyeing still not attractive to investors
This is a difficult goal. Now that Productivity must be raised There is, to be sure, a very big demand for cotton. Current domestic cotton production now can supply only one or two percent of what The Ministry of Agriculture and Rural Development judges that cotton can be produced more efficiently in Some nine trillion dong ($500 million) in funds from the State budget will be invested in infrastructure, irrigation and water supply to help cotton farmers improve productivity. The State will also set up a cotton seed price stabilization fund and give financial support to textile mills that buy domestically grown cotton. Still, it’s unclear that under the best of circumstances whether Vietnam’s cotton farmers will be able to to compete with cotton farmers from Better to bet on growing design capability? The objective of MARD’s cotton development programme is to increase the ‘local content’ of TBKT Saigon questions whether the program will be cost-effective. Suppose, it says, that the programme runs well and Some garment experts believe that A solution that many favor is to development of the fashion design capability. The director of a garment company gives an example: the export price of a shirt now is about $6. If the shirt could be designed in Of course, it will be not easy to find a place the world’s fashion market, but this does not mean that it is impossible for Vietnamese companies. |
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