Home / Knowledge / News / Textiles / Vietnam prepares to meet investment inflows post-TPP
Vietnam prepares to meet investment inflows post-TPP
26
Oct '15
After the successful negotiation of the recently concluded 12-nation Trans-Pacific Partnership (TPP) agreement, Vietnam's Ministry of Planning and Investment is anticipating a boom in textile and garment industrial zones in many cities and provinces across the country, as per Vietnamese media reports.

In order to benefit from lower duties to countries like the US and Japan that Vietnamese products are likely to enjoy once the agreement is implemented, various cities and provinces in Vietnam have announced plans to open and expand textile and garment industrial zones.

For example, Ho Chi Minh City recently announced the opening of over 6 new industrial zones with an area of 2,000 hectares to meet future investments in the textile and garment sector.

Likewise, the southern provinces of Long An and Dong Nai are also making plans for construction of industrial zones. International investors in the textile and garment sectors are demanding land on lease in these areas to set up production plants.

As per Economic Zone Management Board, the province of Long An, has received over 100 investment proposals in textile, weaving, dyeing, and footwear sectors.

The ministry expects the development of the industrial zones to boost the country's economy and use of domestic materials for production to cut Vietnam's trade deficit. It also stressed on meeting the standards of environment regulation and technology during the construction of textile and garment industrial zones in order to take complete advantage of TPP. (HO)

Fibre2fashion News Desk - India


Must ReadView All

Luis Quijano

Textiles | On 17th Jul 2018

US varsity student cultivates bacterial cellulose in lab

Luis Quijano, a student at the Liberty University in Lynchburg,...

APTMA decries duties on cotton imports in Pakistan

Textiles | On 17th Jul 2018

APTMA decries duties on cotton imports in Pakistan

The All Pakistan Textile Mills Association has termed the...

India world's 6th-largest economy, beats France

Textiles | On 17th Jul 2018

India world's 6th-largest economy, beats France

India, with a gross domestic product (GDP) of $2.597 trillion last...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Nitesh Mittal

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

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kerem Durdag
Biovation II LLC

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Pranav Mishra
Huemn

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


July 2018

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

news category


Related Categories:

Advanced Search