HCM City (VNA) – Chairman of the Vietnam Textile& Apparel Association (Vitas) Vu Duc Giang has stated that Vietnam’spotential of exporting apparel to the Comprehensive and Progressive Agreementfor Trans-Pacific Partnership (CPTPP) member states and Australia in particularis huge.

During a seminar held in Ho Chi Minh City on May 11, Giangasked Vietnamese apparel exporters to devise a strategy to take advantage ofincentives brought about by the deal and other free trade agreements signed byVietnam.

Amidst the fourth industrial revolution, firms need toinvest in modern technology to meet stringent demand of customers, he said.

Vitas Vice General Secretary Nguyen Thi Tuyet Mai said inorder to tap tax incentives in FTAs, firms must meet demand for rules of originand control supply chain in the region.

In the near future, Vitas will hold more seminars on CPTPPterms and connect domestic fiber manufacturers, weaving and dying establishmentswith buyers.

A representative from Australia’s IEC Group said thoughAustralian population is only one-fourth of Vietnam’s but they are ready tospend more so that firms need to offer products with high quality and diversedesigns.

There are only five sport apparel firms in Australia with a16 percent market share so that Vietnamese enterprises could enter the marketin the future, he said, adding that apparel businesses could access Australiavia trade fairs.

IEC will hold a specialised exhibition for global suppliersin apparel, accessories, leather and footwear in Melbourne, Australia fromNovember 20-22.-VNA