On 13th December, 2016, the French Chamber of Commerce and Industry held a seminar on "OEM & ODM Processing Opportunities for the European Textile & Clothing Industry in the European Market" held in Ho Chi Minh City.
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According to many experts in the textile and garment industry in the meeting, said the current Vietnamese textile and garment manufacturers mainly for small and medium enterprises, ditches, etc. are lack of funds, backward production technology and high-quality labor shortage, is still unable to effectively participate in global textile production value chain, It is proposed that the Vietnamese textile and garment industry will now undertake a simple processing and cutting business mode for foreign countries and transform it into a modernized processing and production so as to make good use of the economic benefits brought by the integration of the textile and garment industry into the global economic agreement. In addition, the Vietnamese textile manufacturers should increase the introduction of foreign advanced production technology, plus stubborn to cultivate enterprise management standards, to enhance the rate of textile self-made to reduce the proportion of imports from abroad.
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Vietnam currently has 6,000 small and medium-sized textile and garment enterprises, providing more than 2.5 million jobs in the past 10 years the average annual growth of about 17%. Vietnam has become the world's top five textile export countries, but most of the raw materials used in textile and garment industry is still mainly dependent on imports from mainland China.