Home / Knowledge / News / Textiles / FDI inflow high in Vietnam textile sector
FDI inflow high in Vietnam textile sector
25
Mar '16
Owing to the potential advantage enjoyed by Vietnam in the Trans-Pacific Partnership (TPP) pact, foreign direct investments (FDI) are pouring into the country's textile and garment sector on a large scale from countries like the US, China and others, according to media reports.

The FDI inflow into Vietnam's textile and garment manufacturing sector reached $2 billion by the end of 2015, a record number till date, according to the Vietnam Textile Association (VITAS).

Vietnam has seen a large inflow of investments from US companies like Huntsman Group, Avery Dennison, etc in recent years. Textile and garment manufacturers in the country manufacture for the US brands like North Face, Adidas, Nike, etc.

Chinese textile and garment investors have also been active in investing in Vietnam to benefit from the 'yarn forward rule' in TPP, cheap labour and natural resources. The country ranked third in terms of FDI to Vietnam in January 2016.

Japanese companies Kuraray Trading, Itochu, Toray Industries and Shikibo have been investing in setting up production units in Vietnam. Many big foreign-invested projects were licensed in 2015. Other countries like South Korea and Taiwan are also investing in the country to reap the fruits of TPP.

Last year, Vietnam received approximately $25 billion FDI, which represented a rise of around 13 per cent year-on-year. A continuous flow of FDI into the country is expected in 2016, and the textile and garment and related industries are expected to bag a large chunk of the pie. (MCJ)

Fibre2Fashion News Desk – India


Must ReadView All

China keen to invest in Bangla apparel, leather sectors

Apparel/Garments | On 21st Nov 2018

China keen to invest in Bangla apparel, leather sectors

Chinese investors expressed keen interest to invest in apparel,...

Armenia to resume cotton production

Textiles | On 21st Nov 2018

Armenia to resume cotton production

Armenia will soon resume cotton production with the establishment of...

Indian textile industry showing signs of recovery: CITI

Textiles | On 21st Nov 2018

Indian textile industry showing signs of recovery: CITI

The Indian textiles and apparel industry is showing signs of recovery ...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

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

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


November 2018

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

news category


Related Categories:

Advanced Search