Home / Knowledge / News / Textiles / TTF affirms to be a patron for domestic textile industry
TTF affirms to be a patron for domestic textile industry
16
May '08
Vietnam Garment and Textile Corporation (Vinatex), is optimistic about attracting Taiwanese investors for enhancing sectors like fashion design, textile and world distribution system.

According to the statistics provided by Vietnam Textile Association (Vitas), there are nearly 500 foreign textile and garment enterprises operating in Vietnam of which a substantial 150 are Taiwanese.

With regard to this, officials of Taiwan Textile Federation (TTF) gave an overwhelming response saying that not only would the country continue to provide raw material to Vietnamese industries, it will also invest in knitting and dyeing factories to ensure high quality production of goods.

Vietnam's local units can supply only a meager 30 percent of the raw material needed for production while the remaining 70 needs to be imported from other countries of which Taiwan emerges as a leading source.

A meeting among 15 Taiwanese and local enterprises was jointly organized by Vitas, the TTF and Taiwan External Trade Development Council to lure more Taiwanese investors.

As a matter of fact, Taiwan has proved to be more than just an investor. The country has also been one of the largest importers of Vietnamese textiles directly assisting in the growth of the industry.

In 2007, export value of Vietnam to Taiwan reached US $200 million and its target for 2020 is set at achieving $25 billion for textile and garment export turnover through trade with major importing countries.


Must ReadView All

Charge 1p per garment to tackle fast fashion: British MPs

Apparel/Garments | On 21st Feb 2019

Charge 1p per garment to tackle fast fashion: British MPs

A panel of British parliament members cutting across party lines...

Chinese textile city to harm Egypt's domestic industry

Textiles | On 21st Feb 2019

Chinese textile city to harm Egypt's domestic industry

Setting up of a Chinese textile city in Egypt will severely harm the...

India-Pak cotton trade may not be hit by import duty hike

Textiles | On 21st Feb 2019

India-Pak cotton trade may not be hit by import duty hike

India’s export of ginned cotton and cotton yarn to Pakistan may...

Interviews View All

Evelyne Cholet, UCMTF

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Kamal Kulshreshth,

Kamal Kulshreshth

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

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

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

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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


February 2019

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

news category


Related Categories:

Advanced Search