Vietnam'S Textile And Garment Industry Has Stepped Up Investment

< p > Vietnam textile and Garment Association (Vitas) said Vietnam has about 3000 a href= "http://www.91se91.com/news/index_c.asp" > textile and garment enterprises < /a >, among which foreign enterprises account for about 25%, but export accounts for 60% of Vietnam's total exports of such products.

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< p style= "text-align: center" > img align= "center" border= "0" alt= "src=" /uploadimages/201308/02/20130802031043_sj.JPG "/" < < >.

< p > to prepare for the advantages brought by TPP, FDI enterprises such as Korea and Taiwan will continue to expand their factories to meet export demand.

Although not directly participating in the TPP negotiations, many Chinese spinning, weaving and dyeing enterprises also try to use TPP preferences to invest in textile, dyeing and finishing factories in Vietnam.

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< p > Vietnam hopes that TPP will make breakthroughs in the development of the a href= "http://www.91se91.com/news/index_s.asp" > the textile and garment industry "/a". However, the investment of Vietnam's domestic enterprises to the surrounding industry and raw materials is very fragmentary, which is far worse than that of foreign enterprises.

As a result, not only the export volume has always been lost to foreign-funded enterprises, but also the prepares for TPP to bring advantages are slower than those of foreign enterprises.

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< p > it is estimated that the global garment trade will continue to grow in 10 years. By 2025, the amount of global garment trade will increase by 1 times to about two trillion US dollars.

Countries such as India, Vietnam, Bangladesh and Pakistan will occupy the market advantage and China's market share will shrink. However, whether Vietnam can make the best use of the preferential treatment offered by TPP depends on the way of investment in Vietnam's textile and garment industry.

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< p > some enterprises in Vietnam are also working hard to invest.

< a href= "http://www.91se91.com/news/index_cj.asp" > Vietnam < /a > textile and Garment Group (Vinatex). The export volume in the first half of this year (2013) is equivalent to that of last year's exports, but the import value of raw materials has declined sharply, and the Vinatex self-restraint ratio has exceeded 50%.

Vinatex has invested in several spinning mills, weaving and dyeing and finishing plants.

2013 in the second half of the year, Vinatex will start construction and completion of 3 garment factories in 3 provinces, namely, the generalized, Ping Ding and hue Hua provinces.

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