Huichang Promotes Garment Industry Cluster Development

Recently, in the production workshop of Jiangxi Ai Li Garments Co., Ltd. in the swallow nest industry area of Huichang County, workers are stepping up efforts to make a batch of export to the United States.

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The wedding dresses and dresses made by the company are popular in the US market, and export orders exceed US $1 million 600 thousand this year.

The clothing and textile industry in Huichang county has a long history and a good industrial foundation. According to statistics, there are more than 400 enterprises engaged in garment production in the county, and industrial clusters are growing stronger.

Of the 44 Industrial Enterprises above Designated Size, 17 are garment and textile enterprises.

From January to July this year, 17 garment enterprises above Designated Size realized 664 million yuan in industrial gross output value and 36 million yuan in profits and taxes.

In recent years, Huichang county has taken the clothing and textile industry as a main industry according to local conditions, guided the industry to integrate resources and cluster development, and give full play to industrial advantages.

Today, the clothing and textile industry has become a pillar industry in the county's export earnings.

In order to meet the business opportunities of Vietnam to sign free trade agreements, China and Hong Kong textile enterprises have invested in Vietnam to set up factories.

According to Costa Rica media reports, the famous American Hanesbrands clothing company has decided to move its production line to Vietnam in order to gain more profits and close its Cartex underwear production plant in Costa Rica.

The company chief executive said that the supply chain production capacity has been successfully expanded in Asia, and a simpler but larger production base has been set up in the world's low cost countries.

At present, the company has built garment factories in Xingan and Vietnam.

In addition, Hongkong Luenthai Holdings Limited and Tam Jialida co operated with Vietnam Vinatex investment joint stock company for the purpose of jointly developing the textile industrial park with a total value of US $350 million in Nam Dinh. We expect to complete the investment application procedure in September this year and plan to complete the infrastructure project of the industrial park by the second quarter of 2015.

According to the Nam Dinh Provincial Industrial Zone Administration, the 3 developers accounted for 1/3 of the total shares. If the plan is successfully promoted, it will become the largest textile and garment industrial park in Vietnam, developing a complete production supply chain and promoting the development of leather industry and its joint industry.

The park estimates that there will be an annual industrial output value of 30 to 4 billion US dollars, 3 to 400 million dollars in taxes and 160 thousand workers.

Another

In early June of this year, the Jiangsu Yulun textile group of mainland China has obtained the investment license in Nam Dinh province's construction plan amounting to US $68 million.

According to the analysis, as foreign enterprises invest more in Vietnam's textile and garment industry, it will bring pressure on the Vietnamese government to complete the signing of the free trade agreement at an early date, including the EU Vietnam free trade agreement and the p Pacific Economic Partnership Agreement (TPP).

In addition, Vietnam's Ministry of Commerce and industry experts and textile industry said that the Vietnamese government should focus on attracting hi-tech and high quality fabrics, knitting and other cooperative industries to invest in Vietnam, and enterprises that are not competitive in the future, backward in production equipment, low in level of production technology and poor in environmental protection will be eliminated.

US cotton exports increased by 226 thousand and 400 packages in September 25th.

According to Washington October 2nd, data released by the US Department of agriculture (USDA) on Thursday showed that in the week ending September 25th, the current annual cotton export sales in the US market increased by 226 thousand and 400 packs and 228 thousand and 500 new packages sold.