It is said that there has been a shift in manufacturing factory's choice of Australian companies lately resulting in the loss of manufacturing jobs in main land Australia. Many of Australia companies have made the decision to operate their manufacturing factory overseas and Asia countries have been considered the most rational choice for many reasons.
With the past experiences and current situation of the trade between Australia and Vietnam, Vietnam clothes manufacturers are working hard to enhance its production, from which prove that their garment factories are well-prepared for Australian companies to place orders.
The latest step in the trade relationship between Australia and Vietnam was the signed Free Trade Agreement amongst ASEAN-Australian-New Zealand which results in the commitments on regional rules of origin and tariffs removing (29% of tariff lines by 2010 and on almost 90% by 2025), the improvement on the terms of business entry and stay and investment protections. This Agreement has made a clearer path for Vietnam clothes manufacturers to penetrate the Australian markets with Vietnamese garment products because textiles and garments from Vietnam will be tax-free when being exported to Australia. More over, the Agreement has opened a new door for Australian investors to do their business deals in Vietnam.
With many competitive advantages over other neighbor countries in Asia and even China for labour wages, young and enthusiastic workforce and tons of foreign capital, Vietnam garment exporters should self-prepare with the broad information about Australian market in order to call for investments and cooperation in manufacturing garment products from Australian brands.
So why dont you - Australian companies - give Vietnam clothes manufacturers a vote if you are currently on the process of choosing a country for your manufacturing operations.
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