Vietnam's textile industry gains edge with high-value production capabilities: USFIA
(VOVWORLD) -Vietnam scored higher overall than China and Bangladesh in the United States Fashion Industry Association (USFIA)’s recent survey comparing the competitive advantages of countries that export textiles to the US.
 Making apparel products for export to Spain at the Ho Guom garment company in Hung Yen province (Photo: Tran Viet/VNA)
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The survey shows that Vietnam has a competitive edge thanks to its ability to produce a wide variety of products quickly, a result of its investments in machinery and skilled labor. But in the long term, other countries may catch up.
To maintain their competitive advantage, Vietnamese businesses might have to increase their technology investment, optimize their production and supply processes, and participate in production value chains as original brand manufacturer or original design manufacture, according to the survey.