Vietnam'S Textile Industry In Hand To Tap Potential For Cooperation In Asia

< p > in recent years, Vietnam's < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > a target= "_blank" href= "_blank" > clothing > market area. The development momentum of the industry is stronger and stronger. According to the information released by the Ministry of Commerce of China, the export volume of Vietnam's textile industry in 2013 was about 20 billion 400 million dollars, an increase of 18% over the same period last year.

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The breakthroughs in Vietnam's textile industry, on the one hand, are benefited from the active planning in China. On the other hand, it is also due to constantly strengthening cooperation with Asian neighbours, such as India, China, Korea and other countries in the textile industry, while giving full play to their own processing advantages, speeding up attracting foreign investment and promoting their exports of textile and clothing.

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< p > < strong > "join hands" India: tap the potential of cooperation < /strong > /p >

< p > clothing industry is the pillar industry of Vietnam's exports, but 80% of raw materials rely on imports. In 2013, Vietnam held a round table meeting with India, hoping to make up for the shortage of domestic textile raw materials (market area) by strengthening industrial cooperation with India.

India consular official Abhay Thakur said India has abundant textile raw materials, and the two textile industries have broad cooperation space in the industry complementarity. If further strengthening trade cooperation, the two countries will benefit from it.

Thakur said that the bilateral trade volume between India and Vietnam has increased 20 times in the past 12 years, and the total volume of bilateral trade has doubled since 2009, reaching 4 billion US dollars, and the bilateral trade volume is expected to reach US $7 billion by 2015.

The two sides agreed that trade cooperation between Vietnam and India is far below the potential of bilateral cooperation.

In this meeting, the representative of India also expressed a positive attitude towards strengthening the hand to hand cooperation between Vietnam and India enterprises, especially in the textile field.

Le Phuoc Vu, chairman of the Vietnam India business forum, said that in order to strengthen investment and trade cooperation between the two countries, it is also very important to provide relevant trade policy information for potential investors in the future.

It is understood that at present, there are 150 India companies in Vietnam, with an investment amounting to about 800 million dollars.

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< p > < strong > "marriage" China: attracting enterprise investment < /strong > /p >

< p > China is the main source of imports for yarn and fabrics of < a href= "http://www.91se91.com/news/index_p.asp" > Vietnam < /a >, according to the statistics of China Import and Export Chamber of Commerce, in 2013, China exported 5 billion 570 million US dollars to Vietnam, an increase of 47.9% over the same period last year, and export clothing 5 billion 650 million US dollars, an increase of 45.6% over the same period last year.

China continues to maintain the largest source of Vietnamese fabrics and plays a vital role in the development of Vietnam's garment industry.

To promote the development of its textile and garment industry, Vietnam has continuously strengthened its cooperation with Asian countries, gradually reduced its reliance on raw materials, and has attracted more and more international enterprises to invest in Vietnam through the cheap labor advantage of the country. According to statistics, by August 2013, Chinese enterprises have invested 915 projects in various provinces and regions in Vietnam, totaling 4 billion 800 million US dollars, including many Chinese textile and garment enterprises.

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< p > according to reports, if Vietnam's "p Pacific (market share trading point) partnership agreement" is signed, the tariff rate will be greatly reduced in the market of member countries of the clothing and textile export market in China. Some Chinese enterprises will consider pferring the production plant to Vietnam and strive for the benefits of the p Pacific Partnership Agreement, such as Tianhong Textile Group Co., Ltd., which invested more than 200 million US dollars in Vietnam's Nen Ze Industrial Park in Vietnam. At present, the new textile factory invested 300 million dollars in Vietnam's Guangning province has just been put into operation. The Hongkong clothing group of China TAL plans to invest 200 million US dollars in Vietnam to expand the scale of production in Vietnam. China Sunrise limited liability company and other groups are also actively looking for investment opportunities in Vietnam.

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< p > < strong > "Korea": promote trade exchange < /strong > /p >

In 2013, Vietnam and South Korea's textile and Garment Association signed a cooperation agreement with a view to benefiting from the ASEAN South Korea Free Trade Area (AKFTA) agreement. P

The agreement was signed jointly by the Vietnam textile and Garment Association and the Daegu North Korea textile industry association.

According to the agreement, the Vietnam textile and Garment Association and the Daegu North Korea textile industry association will promote the release and exchange of trade fairs between the two regions, and promote the promotion of other trade promotion activities.

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Shortly after P, two textile companies in South Korea established textile factories in Vietnam.

Korea KyungBang yarn and fabric manufacturing Co., Ltd. is a leading manufacturer of yarn and fabric manufacturing in Vietnam. It invested 40 million US dollars in Vietnam to establish a spinning factory.

The factory covers an area of 16 hectares, with an annual capacity of 6600 tons of yarn.

KyungBang Lee Kap Soo, chairman of Vietnam's company, said that the factory will provide yarn materials for local textile and garment enterprises, and KyungBang has also signed a supply contract with 10 Vietnamese enterprises.

Though affected by the financial crisis, he believes that Vietnam's market has more potential than other regions such as a href= "http://www.91se91.com/news/index_s.asp" and market < /a.

In addition, the JungWoo Vina company in Korea spent $14 million to build a textile factory in Vietnam.

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