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Expansion in textile to benefit Chinese machinery manufacturers

19
May '08
Expansion of Vietnam textile and clothing production heavily depends on manufacturing machines exported from China.

This really is a great opportunity for Chinese machinery exporters since Vietnam has plans to further increase its export of textiles and clothes products.

Presently, over 80 percent of the total output of Vietnam textile and garment industry is exported with value increasing by about 23.8 percent since 1993.

A target of 16-18 percent in rise rate for textiles has been set for 2010 by the Vietnam which is striving to increase the production capacity of its manufacturing units to achieve this goal. It will be made possible only by upgrading technology and machineries which is where China comes in.

Nearly 90 percent of the sewing machines are imported from China which implies that with more demand from Vietnam, manufacturers from the country are likely to prosper.

Fibre2fashion News Desk - China


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