low labour cost | Yarns and Fibers

FTA’s push Vietnam to focus on domestic supply chain

Related Keywords: AGTEK, attracted to Vietnam, challenges and risks, despends on imported raw material, global market, HCM City Association of Garment Textile Embroidery and Knitting, join hands, low labour cost, many foreign investors, Recent signing of FTAs, supply chain, transform fabric to garment, TUV SUD, value addition, Vietnamese companies

After the recent signing of FTA’s, many foreign investors have been attracted to Vietnam according to the chairman of the HCM City Association of Garment Textile Embroidery and Knitting. But the FTAs not only bring opportunities but also challenges and risks for Vietnamese companies.

Việtnam depends on imported raw materials from China, Korea and Taiwan, and the sector does not create much value addition in the supply chain since it merely does low value-added work such as cut-make-trim services to transform fabric into garments to export.

Kenya to help textile investors cut cost set them near power plants

Related Keywords: AGOA, compete with neighbouring countries, cut cost of electricity, global apparel industry, Kenay government, low labour cost, near geothermal plants, offer subsidies, plan to set up textile investors, set up industrial park, Trade agreement, trade delegation composed of investors, VF Corporation

Kenya plans to set up investors at the shores of Lake Naivasha near geothermal plants to cut the cost of electricity and offer subsidies in order to compete with her neighbouring countries, said Mr. Mohamed on Thursday when he met a trade delegation composed of investors from China, the US, Australia, the Netherlands and Bangladesh who will also be visiting Tanzania and Ethiopia.

Kenay are going to set them up near the geothermal plant where power is much cheaper since it is at the source.

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FTA’s push Vietnam to focus on domestic supply chain

Kenya to help textile investors cut cost set them near power plants