MXP (Manufacturing Sportswear JSC) proposed six strategic solutions to the government and leaders of the Vietnam Textile and Apparel Association (VITAS), the Vietnam Leather, Footwear and Handbag Association (LEFASO), and the Vietnam Association of Seafood Exporters and Producers (VASEP) on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) at the Vietnam Private Sector Forum 2019.

The proposals include 1) Creating a policy for Vietnamese banks to grant credit and disburse funds for businesses with sustainable production activities; (2) Eliminating discrimination in the apparel industry and creating equal competition between Vietnamese and FDI enterprises; (3) Designing a mechanism to cut corporate income tax to support enterprises creating many jobs; (4) Appealing to the government to create stipulations for companies with over 10,000 employees to provide reserve funds to provision against unemployment contingencies; (5) Asking the government to issue a minimum wage schedule for the coming five and ten years; and (6) Revising regulations for a maximum total overtime of 40 hours per month, instead of the current 30 hours.

“MXP has pioneered the application of 4.0 technologies to increase workplace productivity and management capacity, partnering closely with suppliers of raw materials to open the way for FOB (Free on Board) customers who are readily integrated in the global fashion industry’s value chain,” said Mr. Tran Quang Hao, MXP’s Sales Director. These strategic shifts will aid businesses in adapting and capturing the impending wave of business from the CPTPP, increasing the value of Vietnamese export enterprises.

One of the leading textile and apparel manufacturing and exporting companies in Vietnam, MXP produced more than 10 million items in 2018.

The private enterprise economic forum was held on a national scale, focusing on key strategic macroeconomic issues and policies regionally and globally. MXP represented the voice of the private sector in discussing and designing solutions with economic ministries and industry experts to promote Vietnam’s export industry amid the CPTPP.