Vietnam Will Cut Clothing From The 2007 Import Tariff Rate From - Clothing, Imports, Tariffs - The

Vietnam Consumption Later in the purchase of clothing are high there will be more choice

, because of Vietnam in early 2007, after the apparel tariff cuts, there will be more foreign clothing imports from Vietnam.

According to the Vietnamese Textile Apparel Association (VietnamTextileandApparelAssociation, V IT AS) Chairman Li Guoen (LeQuocAn), said Vietnam's accession to the WTO for the implementation (WTO) commitment to be cut substantially since the beginning of 2007, import tariff rates of items of clothing to open Vietnam's garment market.

Vietnam for the implementation of the tariffs on clothing membership commitment from WTO Member States will be imported clothing textile products, the provision of MFN tariffs, significant adjustment since 2007 clothing items for the import tariff rate from 50% down 20% to the average import tariff rate for clothing was of 37.3% from the current to 13.7%.

Many well-known garment companies in Vietnam such as AnPhuoc, VietTien, NinoMaxx, VietThy, NhaBe, PhuongDong and VietThang now have to rethink business strategies to cope with the new surroundings.

President DangQuynhDoan Vietnam VietThy brands, said Viet Nam to meet the commitment to take the tax cuts, resulting in competition between clothing manufacturers will be less than the ASEAN Free Trade Area (ASEANFreeTradeArea, AFTA) tariff reduction program for companies to implement the competitive situation even more intense. At the same time, with well-known trademarks F-House of the Vietnamese garment enterprises PhuongDong NguyenDucHung also said the executive manager, PhuongDong company Jeans Will face awesome enemies like C & K and D & G, of the popular brands popular with young people in Vietnam is expected to be in the Vietnam soon.

Industry experts believe that Vietnam imported clothing market share, there may be great change: China-made products will dominate the market. The past, many Chinese products through illegal Pipeline Into Vietnam, but China can legally import products. Products are always very cheap, around the rural and remote areas in Vietnam, the Vietnamese garment manufacturers in the market area that can not compete with Chinese.

The other hand, ASEAN sources, products made in Thailand will be the leading medium-priced market, the average price of Thai clothing ~ 499,000 to 255,000 VND (about 16 ~ 31 USD) in the traditional markets and small shops can be bought. However, industry experts said that Thai products in the Vietnamese market is not competitive, because of its more expensive and the quality of Vietnamese products are not good. Meanwhile, Indonesian and Malaysian products will not like the Vietnamese people.

Doan said the Vietnamese domestic industry to improve product quality and changes in product design, will make Vietnam's garment products in the market is competitive.

The high price will be very fierce market competition, such as Vietnam AnPhuoc, VietTien and NhaBe products will be difficult and have been in Vietnam through Proxy Marketing of Mango, Valentino, Guest, Giordano brand competition.

Prefer foreign-made Vietnamese consumers, the coming of clothing imports after the tariff cut will buy more expensive imported luxury clothing, making luxury goods prices slightly cheaper.

However, when companies are worried about Vietnam and the occasion of its financial position, Vietnam traders have reduced the tariff to bring new business opportunities and feel joy.

An owner, said the Vietnamese fashion, luxury goods, prices will not significantly reduce, but will provide customers more choices.

by: gaga

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