Canada will be a potential market for Việt Nam’s export garment products
when the Comprehensive Partnership and Trans-Pacific Partnership
(CPTPP) takes effect in early 2019, according to Lê Tiến Trường, general
director of Việt Nam National Textile and Garment Group (Vinatex).
Trường said although the CPTPP does not include the US - which accounts
for nearly half of Việt Nam’s annual garment export value, it has other great
potential markets such as Australia, New Zealand, Chile and Canada
Canada imports textiles and garments worth of US$13.3 billion per year.
However, Việt Nam’s textile and garment export value to Canada has reached
only about $550 million a year, he said.
Meanwhile, Việt Nam the CPTPP is Việt Nam’s first free trade deal including
Canada.
To seize this opportunity to access the Canadian market, Vinatex has sought
Canadian garment enterprises and provided them information about
Vietnamese export textile and garment products.
Specifically, Vinatex sent a delegation of local textile and garment companies
to Canada to look for opportunities with textile and garment importers in
this market, including Hà Nội Textile and Garment Joint Stock Corporation
(Hanosimex), Hòa Thọ Textile and Garment Joint Stock Corporation, Đức
Giang Corporation and Phong Phú Corporation.
In Canada, the firms introduced their potential and strong points to potential
partners.
Phong Phú’s representative said the corporation learned about the demand
for textile and garment products of this market via direct contacts with
Canadian customers. Next, it will set up production plans to achieve its goals
in Canada.
Meanwhile, Hanosimex introduced its production meeting yarn rules of
origin for two products. It has met 12 companies and introduced to them 40
kinds of cotton towel and knitwear.
Hanosimex has looked for more input material suppliers in Việt Nam or
other member countries of the CPTPP to diversify commodities and build a
flexible production model to meet demand from contracts of large volume
with medium quality to contracts of small volume with high quality products.
Besides of trade promotion activities held by Vinatex, Hòa Thọ Textile and
Garment Joint Stock Corporation has connected with 14 customers to
introduce 15 samples of trousers and suits made from Vietnamese, Thai and
Indian materials.
Source: Vietnam News, Vietnam Tuesday, 11 December 2018