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Conference to raise investments for textile industries

01
Jun '05
A meeting to encourage investment in the textile sector in Vietnam will be conducted for the first ever in Ho Chi Minh City on 2, June. Its expexted that nearly 30 foreign, local banks and financial organizations, about 150 Vietnamese garment and textile manufactures and foreign suppliers of equipment will participate in the meeting.

The Vietnamese textile industry requires of around one billion USD to enhancement and modernizing technology.

In the event, the garment and textile equipment supplier of US, Coker International and various foreign banks, like Exim Bank, Citi Bank and the Hong Kong and Shanghai Banking Corporation (HSBC), are expected to assure to provide loans worth a combined $ 250mn a year for Vietnamese textile industries.


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