>>
Home / Knowledge / News / Textiles / Work on new yarn plant in Vietnam to start this month
Work on new yarn plant in Vietnam to start this month
08
Jul '13
The construction of the Phu Hung yarn plant, being set up with a total investment of about US$ 12 million, would begin in Vietnam’s central province of Thua Thien-Hue this month.
 
The plant being set up in Phu Bai Industrial Park is expected to be ready and put into commercial operation by August next year, Viet Nam News reported. 
 
The plant would have a capacity to produce about 240 tons of pure cotton yarn in a month and is likely to create about 200 new employment opportunities.
 
The yarn plant is being constructed as a part of the strategy for development of the country’s garment industry, approved by the Prime Minister and the Ministry of Industry and Trade for the Central Region, according to the Vietnam National Textile and Garment Group (Vinatex).
 
The Central Region, which includes the provinces of Da Nang, Thua Thien-Hue and Quang Nam, is the major producer of garments and the yarn plant would help the region stay competitive, especially after various free trade agreements (FTAs) are signed, according to Vinatex deputy chairperson Le Tien Truong.
 
Meanwhile, Vinatex has entered into a joint venture agreement with Japan’s Itochu Group to develop support industries for Vietnam’s garment sector. 
 
Last month, Hong Kong-based TAL Group announced its intention to invest US$ 200 million for the production of garments and textiles in Vietnam.
 
Since last year, several foreign textile producers are exploring investment opportunities in Vietnam, especially in textiles dyeing and material production, Mr. Truong said.
 
China’s Texhong Corporation and Sunrise Textile Co., Japan’s Toray International and Mitsui Corporation, and Austria’s Lenzing, are among the major companies that have shown interest to form joint ventures with Vinatex, he added.
 
It is estimated that Vietnam spent more than US$ 5 billion on import of raw materials for the garment and textile sector during the first half of the current year, for making exports of around US$ 8 million.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th May 2022

New York senate passes bill to ban harmful PFAS in apparel

The New York State senate recently passed a bill that prohibits the...

Pic: craig hastings | Dreamstime.com

Textiles | On 25th May 2022

German GDP rises by 0.2% in Q1 2022 over Q4 2021: Destatis

Germany’s GDP rose by 0.2 per cent in the first quarter (Q1) of 2022...

Pic: Shutterstock

Textiles | On 25th May 2022

Businessmen in Bangladesh urge govt not to hike gas, power prices

Bangladesh businessmen have called for not raising gas and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Stan Jewell,

Stan Jewell

Founded in 1921, Renfro Brands is a leading designer, manufacturer, and...

Atul Ganatra,

Atul Ganatra

<div>Engaged in providing a wide range of services to the entire cotton...

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Prakruti Gupta Rao & Navin Rao, Brand - The Kaftan Company

Prakruti Gupta Rao & Navin Rao
Brand - The Kaftan Company

The Kaftan Company (TKC) is India’s most recognised brand for kaftans,...

Alvaro Mars, Label -  Alvaro Mars

Alvaro Mars
Label - Alvaro Mars

Alvaro Mars is designer of his eponymous and a non-binary brand that plays ...

Mae Geri, Label - Minuit Wear

Mae Geri
Label - Minuit Wear

France-based loungewear brand designer, Mae Geri, is known for her chic...

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

ESTEEMED CLIENTS

GERBER TECHNOLOGY LTD.
Gokaldas Exports Limited
Splash
TESTEX AG, Swiss Textile Testing Institute
Marzoli Machines Textile s.r.l.
Tradewind International Servicing
Walmart
Calvin Klein
Guess Europe Sagl,
H. Stoll AG & Company KG
Equinox Impex India
Loris Bellini S.r.l.
Seasalt Limited
Rayonese Textile Inc., Division de Culp Inc.
Saurer Textile Solutions Pvt. Ltd.
FULGAR SpA
H;&M Hennes ;& Mauritz (Far East) Ltd
USTER
Messe Frankfurt Exhibition GmbH
Stahl Holdings B.V.,
IIGM Private Limited
Restoque S.A.
The LYCRA Company Singapore  Pte. Ltd
John Varvatos
Jindal Worldwide Limited
Cat Tuong Real Estate Group Joint Stock Company
K AND D ITMACH EXPOSITIONS LLP
C;&A Sourcing International Ltd
VNU Exhibitions Asia
BTC Textiles LLC
Taiwan Textile Federation (TTF)
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
TEXVALLEY MARKET LIMITED
Abit
MAS Active / MAS Kreeda / MAS Bodyline
Alison Hayes Romania
Recron Polyester from Reliance Industries Limited
Hirdaramani International Export Private Limited
Page Industries Limited (Bangalore)
FESPA (Reigate)
Etam Group Strategy Hong Kong Limited
DyStar India Pvt. Ltd
Rosset ;& Cia Limited
The Top Form Brassiere Manufacturing Company Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Eurofins BLC Leather Technology Centre Ltd
BRINKMANN GMBH
ZAITEX spa
N9 World Technologies Private Limited
Gloria Jeans
SYNERGIES HONG KONG LIMITED
Hela Clothing Pvt Ltd
Jiangsu Yingyang Nonwoven Machinery Company Limited
Performance Days
Benetton Group
Weitmann & Konrad GmbH & Co. KG
COTTON COUNCIL INTERNATIONAL
Officina Meccanica Dora Enrico Srl
Vianney Textil Hogar S.A. De C.V.
Bluestem Global Sourcing Limited
OVS Hong Kong Sourcing Ltd.
Copenhagen Fashion Summit
Brückner Trockentechnik GmbH & Co. KG
APLF Limited
Midas Clothing Limited
Zünd Systemtechnik AG
Nandan Denim Limited
Itema Weaving (India) Private Limited
Babyshop
Savio Macchine Tessili S.P.A.
Kornit Digital Asia Pacific Ltd
Groz-Beckert KG
Target Corporation (MN)
Italian Trade Commission
X-Rite Asia Pacific Limited (HK)
International Textile Manufacturers Federation
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
CSGIA(China Screen Printing & Graphic Imaging Association)
Flainox S.r.l.
Colours India Inc
Varner AS Retail
Gap International Sourcing Limited
Chori Company Limited
Grasim Industries Limited
Aleph Srl
Alix Partners
Lottmann Communications
Palexpo SA
IDH – The Sustainable Trade Initiative
Desigual - ABASIC, S.A.
Eastman Chemical Company
IFF Media Ag - International Media Services
Comasia Limited
Inter Expo Center Ltd.
JES MEDIA, INC
G-Star Raw C.V.
Indo Tex
Vardhman Textile Ltd
Maceton Limited
KAS Direct Sourcing
TÜYAP IHTISAS FUARLARI A.S.
Nihalani Events Management
Arvind Limited
Lenzing Aktiengesellschaft - India
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
BTSR International S.P.A.
UBM China (Shanghai)
J ;& P Coats
BIMBA ;& LOLA SL
Haelixa AG
Dow Silicones Corporation
Color Service s.r.l.
Helly Hansen Far East Ltd
GIOVANNI BOZZETTO S.p.A.
Recron Polyester from Reliance Industries Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Lifestyle
EMBEE CORPORATION
Puma
Woolmark Services India Pvt. Ltd.
Huntsman (Singapore) Pte Ltd
Thermore (Far East) Ltd.
Tory Burch Hong Kong Ltd
Pt. Peraga Nusantara Jaya Sakti
Lacoste (Wanchai)
ITMA Services Pte Ltd
The LYCRA Company Singapore  Pte. Ltd
Sportmaster Ltd.
Meera Dyestuff Industries
Infor (Hong Kong) Limited
Rieter India Private Limited
G.A.S. unternehmenskommunikation gmbh
Thai Acrylic Fibre Company Limited
Indofil Industries Limited - Specialty & Performance Chemicals Division
Newtech Textile Technology Development (Shanghai) Company Limited
EUROVET ASIA LTD
Messe Duesseldorf
Lisa S.P.A.
Mayer & Cie. GmbH & Co. KG
Istanbul Fuarcilik A.S.
Chico’ FAS
Green Fibre
Phong Phu international JSC (PPJ)
NV Michel Van de Wiele
Tchibo GmbH
Applied DNA Sciences Inc
THE BOMBAY DYEING ;& MFG.CO. LTD
SHAHI Exports Pvt Ltd
China World International Exhibition Company Limited
Datacolor AG Europe
Amazon China
Shima Seiki Mfg. Ltd.
LC Waikiki
Groz-Beckert East Asia LLP
Brandix Lanka Limited
Shanghai  Aige Exhibition Service Co., Ltd
Tuyap Tum Fuarcilik Yapim A.S.
Zydex Industries
Asos
Thai Trade Center
Boardriders Asia Sourcing Limited
Sportswear Company Spa
TESCO INTERNATIONAL SOURCING LIMITED
T.T. Limited
BIANCA
Lululemon Athletica Inc
GHCL LIMITED
Under Armour Global Sourcing Ltd
Aquarelle Clothing Limited
Lenzing Aktiengesellschaft
Mesdan SPA
Decathlon
IKEA of Sweden AB
PVH Corporation
Aramark Uniform ;& Career Apparel, LLC
International Sourcing Expo Australia
KIABI
Centric Software
CGS Inc.
Karl Mayer Textilmaschinenfabrik GmbH
Sainsbury's Argos Asia Limited
Landmark Group
Reiter India Private Limited
Lectra Technologies India Pvt Ltd.
DuPont de Nemours, Inc.,
Truetzschler India Private Limited
Gatsby Africa
Bluesign Technologies Ag
EPCH
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Xtema - Thomas Lebherz Textilmaschinen
Datatex Consulting Srl
Esprit Europe Services GmbH
Kern – Liebers Textile
Sateri (Jiujiang) Fiber Co.,Ltd
NITI Aayog
Tommy Hilfiger
Coats Digital Limited

May 2022

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


Advanced Search