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Related Keywords: expansion of the plant to manufacture polyester fibre products, Far Eastern capital increase plan remain unchanged, granted a license to increase investment capital, investment in Vietnam, number of Korean investors, planning to expand their production, take advantage of business opportunities, Trans-Pacific Partnership agreement, Vitas

Investment in Vietnam was admittedly to take advantage of business opportunities from the Trans-Pacific Partnership (TPP) Agreement, but Far Eastern affirmed that even if the TPP is suspended, their capital increase plan will remain unchanged.

The biggest increase in investment capital in the textile and garment sector in the year so far is the expansion of the plant to manufacture polyester fibre products by Taiwanese Polytex Far Eastern Group in Binh Duong Province.

Related Keywords: central province of Quang Nam, fiber-weaving-dying and garment complex project, garment and textile sector, not face tariff, Onewoo garment manufacturing plant, Taiwanese apparel factory, textile-garment-dyeing factory, Trans-Pacific Partnership agreement, Vietnam Textile and Apparel Association, welcomes inflow of capital investment

An inflow of capital investment is welcomed by the central province of Quang Nam into the garment and textile sector. Vo Van Hung, head of the Investment Promotion and Enterprises Support Agency of Quang Nam Province, said that many domestic enterprise delegations and foreign firms coming from South Korea, China and Taiwan have visited the province to seek investment opportunities in the textile and garment industry.

Related Keywords: expanding global garment and textile market, Export processing zone, fashion design, foreign investors, HCM city of Vietnam, major garment and textile project, Southern economic hub, Trans-Pacific Partnership agreement

Vietnam's southern economic hub Ho Chi Minh (HCM) City’s industrial zones (IZ) and export processing zones (EPZs) in 2014 attracted 752 million U.S. dollars in investment, up 23 percent year-on-year, sources from the city's Export Processing and Industrial Zone Authority (Hepza) reported.

This year HCM city has set a target to receive at least 700 million U.S. dollars in investment into its industrial zones (IZs) and export processing zones (EPZs).

Related Keywords: African cotton, intermediary wholesaler, International Trade Centre, raw cotton, raw material, Trans-Pacific Partnership agreement, Vietnam Cotton & Spinning Association, Vietnam textile and garment sector

The rapidly growing textile and garment sector of Vietnam is excessively dependent on imported raw material for which it pays exceedingly high prices, as most of the raw materials for the sector originate in Africa and are sold to Vietnamese manufacturers through intermediary French, Swiss and Indian wholesalers.

Related Keywords: clothing, retailers, Trans-Pacific Partnership agreement, Vietnam textile industry, Vietnamese exporters, Western apparel brands, western market

Vietnam is expected to be one of the fastest growing suppliers of textiles and clothing to Western markets over the next few years. Its textile industry has also outnumbered the firms of Bangladesh and Cambodia. The fastest growing supplier of the US continues to grow its demand strongly in the first four months of 2014.