Home / Knowledge / News / Textiles / Vietnam to showcase investment prospects in textile sector
Vietnam to showcase investment prospects in textile sector
May '15
Vietnam’s textile industry is hoping that some of the world’s biggest garment and textile groups such as Puma, H&M, Li & Fung, Adidas and the United States Fashion Industry Association (USFIA) will participate in the 2015 edition of Vietnam Garment and Textile Forum, the Vietnamese media has reported.

The event begins in Hanoi on June 25 and will end on June 27. During the event, foreign groups and leading economists are expected share information on the international garment and textile market, the size of Vietnam’s garment and textile industry and its market, the world trend, and global supply chain of leading trademarks.

Participants in the event will be taken on a fact-finding tour of Rang Dong industrial park in the northern province of Nam Dinh to assess the favourable investment climate for investors in Vietnam.

Vietnam’s garment and textile industry has rapidly developed recently. The country has become a leading garment and textile exporter alongside China, India, Turkey and Bangladesh.

Last year, the industry’s export turnover surged nearly 17 per cent to $24.5 billion and its products have been exported to 180 countries. With more than 4,000 businesses operational, the country’s garment and textile industry has generated 4.5 million jobs. The industry is expected to enjoy preferential tariffs from the signing of Free Trade Agreements (FTAs).

Le Tien Truong, vice president of the Vietnam textile and apparel association (Vitas) said local businesses have seized opportunities to expand market and attract foreign investment.

Nine years after joining the WTO, Vietnam’s share in the US garment and textile market has increased constantly from 3 per cent to 10 per cent , second only to China.

Last year, Vietnam’s garment and textile export revenue achieved an impressive growth in major markets with 17 per cent in Europe, 12.5 per cent in the US, 9 per cent in Japan and 27 per cent in South Korea. This year, Vietnam is targeting $28.5 million from garment and textile exports. (SH)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

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

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Johan Berlin
InvestKonsult Sweden AB

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search