Home / Knowledge / News / Textiles / Vietnam gets its first indigenously made polyester fibre
Vietnam gets its first indigenously made polyester fibre
25
Jul '11
PetroVietnam Petrochemical and Textile Fiber Joint Stock Company (PVTEX) financed Dinh Vu Polyester Fiber Plant, has rolled out the first batch of Vietnam's first-ever domestically produced polyester synthetic fibre (psf).

This marks a strategic leap forward in the country's attempts to boost the presence of domestic content in its textile products.

The plant is spread on an area of 15 ha in Dinh Vu Industrial Park in the northern port city of Hai Phong. With a capacity of 175,000 tons, the plant is expected to ensure steady supply of around 40 percent of the domestic textile industry's overall requirement of psf.

In the process, Vietnam's imports of psf would decrease, saving around US$ 400 million in foreign exchange, every year.

Besides, the plant will also boost the growth of the domestic psf industry, while generating regular employment for around 700 workers. It would even earn over six trillion VND in sales for PVTEX, each year.

Meanwhile, PVTEX has embarked on construction of Phu Bai Fibre Plant in Dinh Vu Industrial Park at an investment of VND 140 billion.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Apr 2017

Boohoo's revenue increases 51% to reach £294.6 mn

Fashion e-commerce marketplace Boohoo has recorded a 51 per cent...

Apparel/Garments | On 27th Apr 2017

Amazon catching up with Flipkart in India: RedSeer

Online marketplace Amazon India has caught up with its biggest rival...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

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

Larry L Kinn
Suominen Corporation

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

Tony Ward
Tony Ward

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

Silvia Venturini Fendi
Fendi s.r.l

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

Igor Chapurin
Chapurin

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

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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