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 26th Sep 2016

Azerbaijan pins hope on revival of cotton sector

In the midst of economic problems, Azerbaijan president Ilham Aliyev...

Courtesy: Stenn International

Apparel/Garments | On 26th Sep 2016

Stenn debuts new $300mn fund for SE Asian suppliers

UK trade financer Stenn International has unveiled a $300 million...

Textiles | On 26th Sep 2016

Aleph unveils new LaForte wide format inkjet printers

Aleph, developer of a complete range of innovative digital printing...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Sunil Rathore
Lacoste India

Riddhika Shah
SS Homme

Mark Paterson
Technical Absorbents Ltd

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

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

Robert Brunner
Devereux

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search