Vietnam Attracts Japanese Enterprises Sewing Machine Production Base

Japan Brothers Group (Brother) will invest 38 million US dollars in Haiyang, Vietnam to establish a sewing equipment production base, which is mainly used for the production of industrial and household sewing machines. Previously, Vietnam brothers invested 30 million US dollars, covering 70 thousand square meters of laser printer production plant has been put into operation in early 2013.

Vietnam investment bank reported on March 27th that the Vietnam Haiyang Industrial Area Management Committee is considering investing in the construction of industrial and household Brother for Japan. Sewing machine The production plant's investment permit is issued. It is estimated that the total investment will be about 38 million US dollars, and the plant will be located in Futian Industrial Zone, Jinjiang county.

As China's domestic production factors continue to rise, more and more Spin clothing Enterprises are looking to Southeast Asian countries. Vietnam, with its high-quality labor force and increasingly mature market environment, has gradually become a hot spot for attracting foreign capital.

According to statistics, since Vietnam joined the World Trade Organization in 2007, Textile industry Nearly 500 foreign direct investment (FDI) projects have been absorbed, with a total registered investment of US $2 billion. Since July 1, 2006, the Vietnamese government has started implementing the Vietnamese enterprise law and the Vietnamese investment law. In the implementation of these two laws and regulations, there is no differential treatment between foreign investors and local enterprises in Vietnam. In addition, the Vietnamese government will implement the same laws and regulations in the registration process and project approval process in accordance with the commitments made in the WTO Accession (WTO). There are no significant differences in preferential tariff preferences enjoyed by foreign enterprises and Vietnamese enterprises in areas such as national defense, energy security and other legal restrictions.

In response to investment in the textile and garment industry, the Vietnamese government also issued special preferential policies. "According to the agreement of the Vietnamese 108/ND-CP government, the textile industry has been listed as an investment area granted by the Vietnamese government for preferential treatment. It has invested in the textile industry, clothing industry, and so on. Leatherwear Machinery and equipment; weaving and processing of textile products; production of silk and fiber yarns; tanning and leather processing production and processing can enjoy preferential treatment. "

In recent years, Vietnam's textile and garment industry has developed rapidly. In 2007~2012, Vietnam's textile and garment exports grew by an average annual growth rate of 22%. At present, Vietnam has become one of the competitive countries in the global textile industry. Besides the increasingly perfect management and investment environment, Vietnam's textile and garment industry's competitive advantage lies in the high quality labor force and highly liberalized trade atmosphere.

In the development of Vietnam's textile and garment industry, the accession to the WTO has played a decisive role in promoting the development of Vietnam's textile and garment industry. Among them, the biggest advantage is the abolition of quota restrictions on exports to the United States. When competing with other countries, Vietnamese textile producers are on equal footing. With the opening of the investment environment, foreign investment in Vietnam's textile and garment industry has increased, the industrial infrastructure has been upgraded, and the scale of production has further expanded. According to Pei Huihuang, after joining the WTO, Vietnam's textile exports have been showing steady growth. Except for a slight drop in the financial crisis in 2009, Vietnam's textile and clothing exports rapidly increased from less than 8 billion US dollars in 2007 to US $16 billion in 2011. From the export market, the US growth was particularly rapid, with exports to US $4 billion 400 million in 2007 and US $6 billion 800 million in 2011. Exports to the European market increased from US $1 billion 500 million in 2007 to US $2 billion 500 million in 2011.

After becoming a member of the WTO, Vietnam has also participated in several multilateral and bilateral trade agreements, including the ASEAN Free Trade Area (AFTA), the China ASEAN Free Trade Area (ACFTA), Australia, New Zealand - ASEAN Free Trade Area and the Korea ASEAN Free Trade Area (AKFTA). "TPP is now a trade agreement we value. Once the agreement is reached, Member States will first expect their member Fang Xianghu to enjoy the reduction and exemption treatment in the field of import tariffs, thereby increasing the price competitive advantage of their products compared with non TPP members. We will be able to enjoy more direct tariff preferences for textiles and garments exported to the United States. " Pei Huihuang said.

The United States is considered to be one of the most important textile consumers in the world, with an annual order of about 100 billion dollars. At the same time, the United States is also Vietnam's main export market for textiles and clothing. Some analysts have pointed out that after the TPP is concluded, it will be Vietnam textiles Clothing enters the US market and creates more opportunities.

The above analysis shows that Brother will invest 38 million US dollars to establish a sewing equipment production base in Vietnam, Haiyang province. On the one hand, it takes into account the huge demand for machinery and equipment in the rapidly developing textile and garment industry in Vietnam. On the other hand, Vietnam's policy of attracting foreign investment is more conducive to the development of enterprises.