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 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marcel Alberts
Eurofibers

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
June 2017

June 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