Home / Knowledge / News / Textiles / Chinese textile investment enterprises unaffected by financial crisis
Chinese textile investment enterprises unaffected by financial crisis
Jun '08
Vietnamese stock market has fallen by two-thirds while the VND continues to depreciate substantially; moreover, trade deficit of the country has also been enlarging. In view of such alarming conditions, the presumptive investment heaven of Southeast Asia is causing worries to foreign enterprises.

Footwear enterprises in Dongguan, China, have also realized that Vietnam is no longer a paradise for investors and have consequently slowed down their investment plans in the country.

Most of the Chinese funded enterprises in Vietnam are holding a wait-and-see attitude towards the economic trend and are adopting various measures to control costs. While some firms have laid off workers, others have reduced their business operations. If the market situation fails to get out of doldrums, it is quite likely that a large number of companies would move out of Vietnam.

However, the situation is in gaping contrast for Chinese-funded textile enterprises in Vietnam who haven't been greatly affected by the financial crisis. On the contrary, some of the firms have even managed to procure profits in exports to US and EU because of depreciating Vietnamese currency.

Presently, there are over 200 Chinese textile investment enterprises in Vietnam and additionally some fabric and accessory manufacturing companies from China have also started setting up their production base in the country.

Although, financial crisis have brought about losses to some Chinese textile investment companies, they still have plans to buy factories in Vietnam because depreciation has scaled down the value of these units by nearly 40 percent bringing up an excellent investment opportunity.

Fibre2fashion News Desk - Vietnam

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Karan Toshniwal
Orange O Tec

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

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kevin Nelson

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

Paolo Ocleppo
Sandvik Hyperion

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

Kerem Durdag
Biovation II LLC

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

Mike Hoffman
Gildan Activewear SRL

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

Ritu Kumar
Label Ritu Kumar

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

Karan Arora
Karan Arora

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

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