Basic HTML Version
timeout
48
Why did Woolmark choose to set up
business in Vietnam?
Vietnam is a developing and popu-
lous country with a young population,
so the potential for growth is very good.
Moreover, we invest in Vietnam hoping
to provide the best raw materials to
support the apparel business. We see
the future as investing in technology
and production lines so that you can
do the stages of the processing of raw
materials and spinning right up to the
finished product.
Over the years what has Woolmark
done to support Vietnam’s textile and
fashion industries?
In the past few years, we have
focused a lot on building relationships
that are mostly made of partnerships
with enterprises in the textile and gar-
ment industry in Vietnam. Many units
have the ability to produce good mate-
rial, but they are not using our wool.
They use different kinds of raw materi-
als and we work with them to provide
good quality materials to help them
produce quality products.
How do you evaluate the potential of
Vietnam’s textile industry in compari-
son with other neighboring countries
such as Thailand and China?
China is a very different market
than Vietnam as they easily accepted
the low quality wool and put it into
production, but they also have the abil-
ity to handle the raw material right up
to the final stage. So, in other words,
they are capable of producing from A
to Z and have all the machines and
equipment to do all the stages. But
in Vietnam, you do not have the abil-
ity to do this. Vietnam can produce
clothing products, but not handle the
PROFILE
Duc Hanh
talks to
Stuart McCullough
, CEO of Woolmark as he visits Viet-
nam to host the ‘40 years of wool in fashion’ shows and the ‘Grown in Aus-
tralia, Made in Vietnam’ exhibition in Hanoi and Ho Chi Minh City to cel-
ebrate the 40th anniversary of trade between Australia and Vietnam.