Home / Knowledge / News / Textiles / Textile sector offers umpteen opportunities for investment

Textile sector offers umpteen opportunities for investment

27
Jun '09
A textile and clothing trade delegation from South Korea, which is on a business visit to Vietnam was of the opinion that the country's textile and garment sector presents great potential for Korean investors with low production costs and high export opportunities.

But at the same time the delegation was of the view that, a thorough study of the investment policies as well as demand for fabrics needs to be done, before the investments start flowing in to the Vietnamese textiles and clothing sector.

They also said that the country could prove to be hotspot for South Korean investment since costs of doing business were on an upward graph in Korea and Vietnam with its low cost base could provide unparallel opportunities for the Korean investors.

Vietnamese sector experts point out a few areas of investment within the textile sector like spinning, weaving and processing of fabrics which could do with a good amount of investment, since most of these raw materials needed to be imported.

In 2008, Vietnam's clothing exports registered US 9.1 billion in revenue; however, the country had to import nearly $6 billion worth of raw materials like yarn, fabrics, chemicals, etc., to feed the overgrowing appetite of its textile industries.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Andreysha | Dreamstime.com

Textiles | On 1st Dec 2021

Factory activity in China rebounds following energy crunch ease

China's factory activity picked up in November following the easing...

Pic: Hikrcn | Dreamstime.com

Textiles | On 1st Dec 2021

Turkey second-fastest growing OECD economy in Q3 2021

Turkey has become the second-fastest growing economy in the third...

Prime Minister Sheikh Hasina. Bayazid Akter | Dreamstime.com

Textiles | On 1st Dec 2021

PM Hasina urges global investors to invest in Bangladesh

Prime Minister Sheikh Hasina recently urged investors from across the ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

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


December 2021

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


Advanced Search