Home / Knowledge / News / Apparel/Garments / Global firms gain ground in Vietnamese garment sector
Global firms gain ground in Vietnamese garment sector
16
Nov '12
Several global firms have made inroads in Vietnamese apparel sector in recent times, while many domestic garment firms have become non-existent.
 
Foreign-invested firms accounted for around 60 percent of the US$ 12 billion worth of garment and textile exports made by Vietnam during the first 10 months of the current year, according to Vietnam Textile and Apparel Association (VITAS).
 
In all, 359 foreign direct investment (FDI) projects increased their registered capital during January-October this year to facilitate enhanced investment in the Vietnam. Against last year, the combined registered capital grew by 12.3 percent to US$ 3.8 billion during January-October this year. Majority of the businesses that increased their capital are those operating in the textile and garment space.
 
South Korea’s Nobland Vietnam Co Ltd increased its registered capital by US$ 17 million to expand its operations on an 11,000 hectare land plot in the Tan Thoi Hiep Industrial Park. 
 
Saigon Precision, a company with 100 percent Japanese investment, also raised its capital by US$ 25 million to facilitate establishment of a new production facility, while Taiwan’s Formosa textile firm also hiked its capital by US$ 30 million during October.
 
Similarly, China’s Texhong increased its registered capital from US$ 80 million to US$ 150 million and enhanced its annual production capacity from 30,000 tons to 150,000 tons.
 
South Korea now stands to be the country with highest investment in Vietnamese textile and garment sector.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search