Home / Knowledge / News / Textiles / TTF affirms to be a patron for domestic textile industry
TTF affirms to be a patron for domestic textile industry
16
May '08
Vietnam Garment and Textile Corporation (Vinatex), is optimistic about attracting Taiwanese investors for enhancing sectors like fashion design, textile and world distribution system.

According to the statistics provided by Vietnam Textile Association (Vitas), there are nearly 500 foreign textile and garment enterprises operating in Vietnam of which a substantial 150 are Taiwanese.

With regard to this, officials of Taiwan Textile Federation (TTF) gave an overwhelming response saying that not only would the country continue to provide raw material to Vietnamese industries, it will also invest in knitting and dyeing factories to ensure high quality production of goods.

Vietnam's local units can supply only a meager 30 percent of the raw material needed for production while the remaining 70 needs to be imported from other countries of which Taiwan emerges as a leading source.

A meeting among 15 Taiwanese and local enterprises was jointly organized by Vitas, the TTF and Taiwan External Trade Development Council to lure more Taiwanese investors.

As a matter of fact, Taiwan has proved to be more than just an investor. The country has also been one of the largest importers of Vietnamese textiles directly assisting in the growth of the industry.

In 2007, export value of Vietnam to Taiwan reached US $200 million and its target for 2020 is set at achieving $25 billion for textile and garment export turnover through trade with major importing countries.

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Marcel Alberts
Eurofibers

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
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