Easier life for textile traders?
Textile traders in Vietnam can look forward to an easier life, as the Ministry of Industry and Trade has proposed solutions to several issues raised by the Vietnam Textile and Apparel Association (VITAS). The proposal includes the abolition of inspections of formaldehyde content in textiles and garments, which VITAS has stated are costly and time-consuming with no legal basis. In place of these inspections, a national technical standard for garments and textile products will be put in place to ensure quality control.
Here are some key takeaways:
- Ministry of Industry and Trade proposes solutions to issues raised by VITAS.
- Abolition of formaldehyde inspections, replaced by national technical standards.
- Changes planned for garment and textile industry planning, with government support for growth.
Modifications to Industry Planning and Strategy
The Ministry has also addressed VITAS’ demand for modifications in the garment and textile industry’s planning and strategy, scheduling changes for next year in response to market realities. To support growth in the sector, the ministry has proposed the government conduct studies for the establishment of garment and textile industrial parks and provide preferential interest rates.
Government Support for Growth
The Ministry is committed to solving the business problems in the textile and garment industry and has promised to abolish any legal documents that are causing issues as soon as possible. Deputy Minister Trần Quốc Khánh has reassured the industry that the Ministry is working towards making things easier for textile traders.
In conclusion, these proposed solutions by the Ministry of Industry and Trade are a positive step towards creating a more streamlined and efficient textile and garment industry in Vietnam, providing textile traders with the support they need to grow their businesses.