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FDI pouring capital into Vietnamese textile-garment industry growing quickly

Related Keywords: 20 new project, FDI, FDI firm, Foreign invested enterprises, growing, into Vietnamese textile industry, Ministry of Planning and Investment, pouring capital, textile-garment export revenue, Vietnamese enterprises, Vitas, warned expanding gap

The number of foreign-invested enterprises (FDI) pouring capital into the textile industry is growing quickly. This year, in the past 10 months local governments have given approval for almost 20 new projects of FDI firms, according to the Ministry of Planning and Investment.

However, the Vietnam Textile and Apparel Association (Vitas) has warned of the expanding gap between FDI and domestic firms in the textile-garment sector.

Vietnamese garment sector make efforts to remodel its production methods

Related Keywords: chain linkage, domestic, Free trade agreement, garment producer, international market, marketing, original design manufacturer model, product development, production methods, production targets, regional trade blocs, remodel, TPP, Vietnam garment industry, Vietnamese enterprises

Vietnam one of the world's largest garment producers to maintain its status is making all efforts to remodel its production methods. The move comes in the light of advantages offered by the Trans Pacific Partnership (TPP) and other free trade agreements that the country has entered into with regional trade blocs around the world.

According to Le Tien Truong, Vietnam Textile and Garment Group (Vinatex) General Director after years of manufacturing, Vietnamese enterprises have gained much experience in manufacturing, management and labour.

Shape your future visit the comprehensive and professional platform in Vietnam

Related Keywords: 14th Vietnam International textile and garment industry exhibition, ARTREND, cutting-edge technologies, Da Kong, EKSOY, foreign exhibitiors, material for textile production, TAJIMA, Vietnamese enterprises, WELLTEX

Vietnam is to hold an International Textile and Garment Industry Exhibition which will feature machinery, equipment and materials for textile production later this month. The 14th Vietnam Int’l Textile and Garment industry exhibition aims to create opportunities for Vietnamese enterprises to exchange experiences, improve their competitiveness and seek new business partners.

The event is expected to attract more than 360 domestic and foreign exhibitors from some 10 countries and regions, including China, India, Japan, South Korea, Singapore, Turkey and the United States.

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