Home / Knowledge / News / Apparel/Garments / Trend of new investments in clothing sector to continue
Trend of new investments in clothing sector to continue
Sep '10
Vietnam Garment and Textile Group (Vinatex) experts said that, over 12 garment and textile businesses, mainly to the north of Vietnam have been allocating funds towards expansion of their production capacity since 2009, and the same trend is likely to continue in future also.

Nguyen Van Thoi, General Director of the Thai Nguyen Investment and Trade Company (TNG), while assessing this upward trend said that, leaving behind China, Vietnam is now surfacing as the new focus country for garment and textile buyers across the globe. Meanwhile, firms within the country are shifting their business from south to north due to cheap availability of labour there.

Besides this, the buyers are now into direct touch with the exporters, which eliminates intermediaries, and the same is seen to boost the growth prospects of garment firms in the country, including TNG.

It is not long back that TNG allocated 210 billion VND (11 million USD) for construction of its fourth plant, which is expected to go operational in the last quarter of 2010-11 fiscal. Addition of this facility would see the company, find a place amongst country's major garment suppliers.

Previously, in spite of volatility in the markets, Nha Be Garment Joint Stock Corporation having 22 garment producing units and eight trading firms, allocated trillions of VND for funding some 10 projects. Two of these projects with a total funding of around 200 billion VND (over 10 million USD) are expected to go functional in the end part of this month.

Duong Thi Ngoc Dung, President of the Board of Directors of Nha Be said that, this fresh investment is likely to boost the company's export turnover by 20 to 25 percent in current year.

Experts say that, presently when contracting out, still seems to be advantageous for the country, it is essential that more funds are diverted towards expansion of production facilities. But then, the companies eyeing sustainable growth should invest in auxiliary industries such as fabric materials and processing and dyeing facilities. This would facilitate them to make a shift from outsourcing to developing and selling self-designed products.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search