To take advantage of the Trans Pacific Partnership (TPP) and other free trade agreements that the country has entered into with regional trade blocs around the world, garment and textile sector is working on renovating its production methods so it could maintain its status as one of the world’s largest garment producers. Le Tien Truong, General Director of Vietnam Textile and Garment Group (Vinatex) said, “After years of manufacturing, enterprises had gained much experience in manufacturing, management and labour. This wealth of experience serves as a foundation for enterprises to shift to FOB (Freight On Board) and Original Design Manufacturer (ODM) models.” Vinatex will now follow the ODM model, which will allow the company to define the chain linkage of dye-textile-garment and improve its business effectiveness index.
