Home / Knowledge / News / Textiles / FDI inflow high in Vietnam textile sector
FDI inflow high in Vietnam textile sector
25
Mar '16
Owing to the potential advantage enjoyed by Vietnam in the Trans-Pacific Partnership (TPP) pact, foreign direct investments (FDI) are pouring into the country's textile and garment sector on a large scale from countries like the US, China and others, according to media reports.

The FDI inflow into Vietnam's textile and garment manufacturing sector reached $2 billion by the end of 2015, a record number till date, according to the Vietnam Textile Association (VITAS).

Vietnam has seen a large inflow of investments from US companies like Huntsman Group, Avery Dennison, etc in recent years. Textile and garment manufacturers in the country manufacture for the US brands like North Face, Adidas, Nike, etc.

Chinese textile and garment investors have also been active in investing in Vietnam to benefit from the 'yarn forward rule' in TPP, cheap labour and natural resources. The country ranked third in terms of FDI to Vietnam in January 2016.

Japanese companies Kuraray Trading, Itochu, Toray Industries and Shikibo have been investing in setting up production units in Vietnam. Many big foreign-invested projects were licensed in 2015. Other countries like South Korea and Taiwan are also investing in the country to reap the fruits of TPP.

Last year, Vietnam received approximately $25 billion FDI, which represented a rise of around 13 per cent year-on-year. A continuous flow of FDI into the country is expected in 2016, and the textile and garment and related industries are expected to bag a large chunk of the pie. (MCJ)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Urs Stalder
Sanitized AG

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

Giorgio Mantovani
Corman S.p.A

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Vaanee Bhatia
Gritstones Clothing

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

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