Home / Knowledge / News / Textiles / Vietnamese textile & dyeing sectors seek FDI
Vietnamese textile & dyeing sectors seek FDI
04
Apr '11
As underlined by the experts, owing to its inability to efficiently attract investments in the dyeing and textile sectors, Vietnam has missed out many of the chances to enhance its garment exports by way of bilateral and multilateral trade pacts.

A delegation of 20 members representing the Danish textile and garment firms paid an official visit to Vietnam from March 28 to April 2, to survey the investment prospects in the country.

The Danish Ambassador to Vietnam, John Nielsen, did confirm that, the Danish firms were willing to invest in Vietnam in areas like that of fabric making and production of premium garment items, technology transfers and in sharing designing experiences.

Vietnam Textile and Apparel Association (Vitas), Secretary General, Dang Phuong Dung is optimistic that, after the visit, Danish firms would closely focus on the investment prospects in Vietnam's dyeing and textiles sectors, and if this happens it would be a positive development for the country's garment and textile industry.

Actually, the country has been exerting for over last five years to draw foreign investments in the textile and dyeing sectors. But then, hardly a few foreign investors have shown interest in these areas, as these sectors necessitate huge investment capital, while the returns are unstable.

Dung further said that, it is not only the foreign investors who are not enthusiastic about the textile and dyeing projects, but even local authorities are also not willing to welcome them in their regions. The provinces and towns as of now are concentrating on drawing foreign direct investment (FDI) in the high-technology areas, which delivers high efficiency with a smaller number of workers.

As stated by the Vietnam Textile and Garment Group (Vinatex), over the last five years it has developed 20 investment projects, and has thereby attracted investments in the textile and dyeing projects, with an intention to boost the domestic content ratio in the exported products.

Nevertheless, it did consent that it is not at all easy to find associates for the projects, as hardly a few of the enterprises are willing to invest in these sectors, in spite of the high value addition that the investments could generate and several investment incentives.

Cotton Yarn Association's Deputy Director, Nguyen Son said that, the main difficulty which is impeding the way of the foreign enterprises from investing in textile and dyeing projects is the need to set up treatment plant for liquid effluents.

Vitas too agreed to Sons statement by saying that, foreign investors are interested in investing in the textile and dyeing projects, only if they can invest in industrial zones which already have waste water treatment plants in place. However, in most of the other areas, investors themselves need to set up the system, and this thus impedes the foreign investment in these sectors.

According to the Vitas official, the country in order to draw foreign investments in the areas of textile and dyeing should restrict the incentives only to the textiles and dyeing projects and to some allied industries, instead of extending the same to a lot many areas.

Fibre2fashion News Desk - India


Must ReadView All

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Angelina Francesca Cheang
MY ANJE

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

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

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

Sanjukta Dutta
Sanjukta's Studio

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search