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

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Mohammad Hassan
Biax Fiberfilm

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta
Sanjukta's Studio

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

Mike Hoffman
Gildan Activewear SRL

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

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:
July 2017

July 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