Home / Knowledge / News / Apparel/Garments / Global firms gain ground in Vietnamese garment sector
Global firms gain ground in Vietnamese garment sector
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

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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