Home / Knowledge / News / Textiles / Vietnam attractive for investment in chemical fibre sector
Vietnam attractive for investment in chemical fibre sector
08
Aug '11
Relevant survey reveals that Vietnam's low labor costs and abundant raw materials are suitable for labor-intensive garment industry.

However, as the Vietnamese chemical fibre industry is underdeveloped, it has to import fibre raw materials from abroad.

Regular supply of raw materials can be ensured, if foreign investors upgrade technological capabilities by building factories in Vietnam and realize integration with upstream and downstream sectors.

Production of man-made fibre in China has significantly increased in recent years, plus the tariff-free agreement signed between China and the ASEAN countries has put unprecedented pressure on Taiwan's textile sector.

So the Taiwanese industry has started shifting production to high-functional fabrics.

Taiwan's textile industry has already began to move toward upstream integration in Vietnam. Formosa Plastics Group invested US $750 million in 2005 in the establishment of the first petrochemical plant in Vietnam.

Tainan Textiles and Eclat Textile Co Ltd have cooperated in integration of upstream and downstream sectors.

The spinning, weaving, dyeing and finishing plants of Tainan Textiles and Eclat garment factory have integrated to form a persistent integrated effect, which can better protect supply of raw materials without fear.

Fibre2fashion News Desk


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Kerem Durdag
Biovation II LLC

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

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra
Huemn

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

Karan Arora
Karan Arora

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search