Why Did A Large Number Of Fiber Manufacturers Go To Vietnam?

It is predicted that Vietnam's FDI will be in the dyeing and textile sector because investors can make full use of it. Vietnam? As a favorable condition for tariff preferences granted by members of the Pan Pacific Partnership Agreement (TPP). The Pan Pacific trade partnership agreement and other free trade agreements are expected to be implemented soon.

Recently, many fiber manufacturers and dyeing enterprises began to travel to Vietnam for dyeing. Spin And investment opportunities in material production engineering.

In November alone, Vietnam hosted 10 foreign enterprises, which proposed joint ventures with Vietnam textile and Apparel Group (Vinatex) and its subsidiaries to manufacture garment materials in Vietnam.

These enterprises include large groups from developed countries of textile and garment industry, such as Tianhong textile of China, Dongli international and Mitsui Corp of Japan, Lenzing Co of Austria and China's rising textile company.

Similarly, a new round of foreign investment has entered the textile industry. clothing Departmental forecasts have come true. Foreign investors can see that if they build production bases in Vietnam, they will have great advantages.

The first joint venture of printing and dyeing and textile was established in November 5th, namely, Thien Nam sun rise textile Limited by Share Ltd. The joint venture is China Risheng textile and garment company and Vietnam Thien.
Nam investment development company.

The joint venture will develop a $24 million woven fabric production company, which will produce 1 million meters of fabric and 300 tons of knitted fabrics every month. The project is expected to start early next year and will start operation in 2014.

In addition, Tianhong textile is China's most competitive 10 largest company. The company held a working conference with Vietnam textile and Garment Group to discuss the establishment of third factories in Vietnam, which are either 100% foreign owned or joint ventures.

Tianhong textile company has established two fiber factories in Vietnam, which are located in the southern part of Vietnam and in the north of Guangning.

Japan's Dongli International Limited and Mitsui Corp have proposed two investment models, either to develop a new project to manufacture clothing materials, or to expand existing projects.

It is expected that the factories established by Dongli international and Mitsui Corp and the Vietnamese textile and Garment Group and its companies will be implemented in 2013, so that products can be produced in 2015.