Bangladeshi media ponder advantages of Vietnamese garment sector
VOV.VN - Bangladeshi newspaper The Daily Star recently run an article highlighting the various advantages of the Vietnamese garment-textile sector, including its low lead time, quality fabric, and upmarket focus.
The article provides an example from the EU which was cited by the Bangladeshi Centre for Policy Dialogue (CPD) as part of research last month. They state that for every 100 kilogrammes of t-shirts produced, Vietnam was able to rake in US$2,157.9 last year, in contrast to the figure of US$1,091.5 recorded by Bangladesh.
Furthermore, 2019 saw the rates at US$2,099.7 and US$1,097.5, respectively.
As an explanation for these figures, Khondaker Golam Moazzem, research director for the CPD, said the quality of Vietnamese fabrics is substantially better than those from Bangladesh, whilst a section of its people also have a taste for high-end products.
The use of a high-quality fabric guarantees Vietnamese manufacturers better prices from buyers, he explained, adding that the nation also enjoys a higher number of upscale product brands and retailers.
This results in a better image for the country, in addition to a higher ranking in terms of the ease of doing business index compiled by the World Bank, and an inclination towards compliance with regard to human rights and environmental protection practices, he said.
AK Azad, managing director of Ha-Meem Group, one of the leading local garment exporters in Bangladesh, said that Vietnam is able to make intelligent use of its highly-available, top-quality raw materials, whilst also having a low lead time. The nation also ships garments to the EU in 30 days, a process which typically takes far longer for other countries, including Bangladesh.
According to KM Rezaul Hasanat, chairman and chief executive officer of Viyellatex Group, another leading local garment exporter, the country is strong in manufacturing outerwear for people who live in cold climates. This includes exporting high-quality blazers and woven formal shirts and trousers to the EU and United States.
Moreover, the nation also produces a lot of sportswear, with their prices being very high. Indeed, the majority of all globally renowned sports garment brands and retailers source their products from Vietnam.
Bangladesh is a leading global garment producer and can be considered to be a regional rival of the nation in terms of garment production.