Interviews
Textile entrepreneurs turn away from China to Vietnam
22 Jul '08
1 min read
Drawn by lower cost of production, Brazilian investors are shifting a part of their business from China to Vietnam. Potential risk in the southeast economy has also compelled domestic entrepreneurs to think twice before making investments in the region.
For instance, Comexport, a Brazilian company had initiated business in China but now has 10 percent of its operations being run in Vietnam.
The firm strongly believes that Vietnam is a potential market and is hopeful that business transactions with it would increase tremendously in the future.
It has been observed that Brazilian entrepreneurs have laid more emphasis on footwear, textile & garment industries. In fact most of the business shifted to Vietnam relate to these sectors and investments in these fields have been made by US and EU enterprises as well.
For instance, Comexport, a Brazilian company had initiated business in China but now has 10 percent of its operations being run in Vietnam.
The firm strongly believes that Vietnam is a potential market and is hopeful that business transactions with it would increase tremendously in the future.
It has been observed that Brazilian entrepreneurs have laid more emphasis on footwear, textile & garment industries. In fact most of the business shifted to Vietnam relate to these sectors and investments in these fields have been made by US and EU enterprises as well.
Fibre2fashion News Desk - Vietnam
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