Vietnamese Textile Enterprises Are Facing A Shortage Of Funds.

Due to lack of Operate Capital, Vietnam's clothing and textile companies currently invest in large projects. stagnation 。 It is expected that Vietnam's textile and garment industry will still have no capital to invest in large-scale and long-term in 2012.

Vinatex Le Tien Truong, vice chairman of the company, said: "this year, Vietnam's textile and garment industry has great economic pressure. At present, the clothing and textile industry has not yet found the source of investment capital in 2012, especially raw materials development projects. It is understood that Vietnam's textile and garment industry faced many pressures in 2011, especially in the face of being stranded. Capital chain The problem of disconnection, many investment projects have to be suspended. According to the development of this year, Vietnamese textile and garment enterprises in 2012 still have no funds to invest in the long term, especially for raw material production projects. The industry will concentrate all its funds on importing parts of equipment, maintaining production and business activities, and importing raw materials for production.

Not only are SMEs facing the problem of lack of funds, but even some powerful large enterprises, such as Viet Thang and Phong Phu, are cautious about new projects. In 2011, in order to meet the demand of export market, Vicotex invested only 60 billion Dong Dong (about 2 million 800 thousand US dollars) to purchase equipment and machinery to expand the quantity of products and improve the quality of products. Vicotex chairman Nguyen Duc Khiem said: "due to shortage of funds and high interest rates, the company is not interested. Operate Large scale investment projects. Donagamex chairman Bui The Kich said: "in 2011, the company established and ran Dong Viet Phu, a new company specializing in the production of garments and non-woven products. The total investment of the new company is not large enough to serve the domestic market. "

Nguyen Van Thoi, chairman of Thai Nguyen investment and trade, said: "in the first stage, Thai Nguyen invested 200 billion Vietnamese Dong (about 961 million US dollars) to build Phu Binh clothing and textile factories. However, as the company's profit margins deteriorated, the investment projects started in June 2011 have not yet been completed." In order to solve the problem of capital shortage, the company leases financing and restructured company debt by transferring short-term capital investment equipment.

Fang Rong, vice chairman of Vietnam textile and Garment Association, said Dang Phuong Dung has become the most difficult problem facing textile enterprises. The government should provide relevant development funds to help textile enterprises achieve investment projects.