Home / Knowledge / News / Apparel/Garments / Vietnam - Preferred choice for Japanese RMG imports
Vietnam - Preferred choice for Japanese RMG imports
28
Apr '11
Fumio Koyama, a senior expert from the Japan International Cooperation Agency (JICA), in a statement said that, Vietnam, with its reasonable labour cost, is developing into a preferred choice of garment and textile businesses of Japan.

He said this while speaking at the Consultation Seminar on Garment and Textile Exports to Japan, held in Hanoi on April 26.

He stated that, several investors from Japan are adopting “China+1” business strategy to introduce new production line, rather than solely concentrating on China, with a view to add new supply sources. Vietnam is one of the destinations which have drawn attention of these investors.

While talking about sustainable development of Vietnam's textile and garment exports, the JICA official stated that, Japanese associates could assist Vietnamese entrepreneurs to set up manufacturing units in foreign countries, along with training of managers and other labour force.

As revealed by the Ministry of Industry and Trade, Vietnam's earnings from textile and garment exports to Japan for 2010 came to US$1.2 billion, which constituted 11 percent of total export volume for the year from the sector.

Next to the US and the European Union (EU), Japan presently is the third biggest importer of textile and garment items from Vietnam.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search