Vietnam textile industry to develop new power saving

Vietnam in recent years has been working actively participated in the negotiations, "Trans-Pacific Partnership Agreement" (TPP) in order after the signing of the agreement, the Member States apparel textile export markets, especially the United States (Vietnam's largest export market for textile and apparel goods) of Clothing and Textile rate from the current 17% to 32%, and gradually decreased to zero. Vietnam Chamber of Commerce Chairman Wujin Lu believes, TPP agreement extended to Vietnam economic space has a positive effect, but also affect Vietnam's domestic market. Vietnamese experts also said, TPP agreement will boost Vietnam's textile and garment industry by leaps and bounds, into an important driving force for the development of Vietnam's textile and garment industry, help strengthen the position of Vietnam's textile and garment industry.

     Vietnam currently has more than 4,000 textile and garment enterprises, textile and garment industry 2012 revenues of $ 20 billion, of which the textile and garment exports amounted to over 170 billion U.S. dollars, creating jobs for 2.5 million workers, the contribution to GDP up to 10%. Vietnam joined the TPP to its future will bring positive economic development coupled with its current rapid development of the textile industry in Vietnam, attracting more and more international companies to throw an olive branch to him.
Vietnam National Textile Garment Group (Vinatex) president Chen Guangzhong said that textile and garment enterprises are always concerned about the progress of TPP involvement in Vietnam, has come from China, Japan, Korea, Austria, more than a dozen textile and dyeing business plan set up in Vietnam plant.

     TPP attract Chinese textile enterprises to Vietnam plant
     VNA believes that Chinese companies considering manufacturing plant transferred to Vietnam and fight for TPP agreement when the benefits. At present, China has a number of companies plan to set up factories in Vietnam, and some companies have implemented. Hong Kong, China TAL Apparel Group plans to invest $ 200 million in Vietnam to expand the scale of production in Vietnam; China Sunrise Group Co., Ltd., etc. are also actively looking for investment opportunities in Vietnam, aims to take full advantage of TPP after the effective date. According to the "Vietnam Economic Times" April news, a major Chinese textile enterprises to invest in more "investment license." This project is located in the south Dinh Bao Ming Industrial Zone, covering 80,000 square meters, annual output of 9,816 tons of spindles. After the project is completed, Vietnam garment factory processing raw materials will no longer be imported garments and accessories from abroad. In addition, China, Hong Kong Luen Thai (Luenthai) clothing company, Vietnam Garment Co., Ltd. and China Vinatex Sanshui Jialida (Sanshui Jialida) Textile Dyeing Co., Ltd. Third Founder consultations textile industrial park to be built in South Dinh. Park with a total investment of about $ 400 million, covers an area of 1500 hectares, is expected to start construction by the end of 2014.

    In addition, China Rainbow (Texhong) Textile Group has invested in the construction of two yarn production capacity of 500,000 spindles / year plant in Quang Ninh Province, Vietnam, has added an additional $ 300 million investment in May to build a new plant in Quang Ninh province; Jiangsu Yu Lun Textile Group Limited has been issued $ 680 million of investment in the textile and dyeing factories license will set up factories in the South Dinh Bao Ming Industrial Park. In Ho Chi Minh City, China Taiwan Xue Changxing Group Forever Glorious company promised to invest $ 50 million from the implementation of a textile fabric dedicated to underwater sports garment production projects; specializing in Nike, Adidas, Puma and other apparel production China trademark big Shen zhou LuGain Lucky International Group company, will invest $ 140 million commitment for costume design and production.

Law Yu Jian long love more FangQi
     "At present, France is the world's sixth largest textile machinery exporter, with exports nearly $ 1.2 billion, exports products to 115 countries, the French and Vietnamese enterprises hope to establish long-term and mutually beneficial cooperation between the French companies want to become Vietnam's textile machinery trusted business partner, and wants to help Vietnamese enterprises into full play the advantages of textile manufacturers in the country to promote the development of its textile industry. "In April, the French Textile Machinery Manufacturers Association (UCMTF) Secretary-General, Evelyne Cholet in Vietnam said the seminar held in Ho Chi Minh City. The Deputy Minister of Trade and Industry of Vietnam Ho Thi Kim Thoa said Vietnam ranking in the global textile and apparel manufacturing, the Vietnamese government has been committed to expanding their business in the global textile and apparel increased in weaving and dyeing technology investment and create more favorable conditions for the country's textile enterprises.

      Evelyne Cholet proposed, French and Vietnamese enterprises should make full use of the exchange of experience and technology exchange, to increase the value-added textile products in Vietnam, and the growing business cooperation between the two countries. Over the past 10 years, Vietnam's GDP reached 10% for foreign investment in Vietnam is not only a strong attraction, and it is a gateway into the Asian textile market.

    Mongolian more broad prospects for cooperation
    Recently, Vietnam - Mongolia trade seminar held in Ho Chi Minh City, Vietnam and Mongolia to promote cooperation and trade relations between the two countries in the field of textiles and clothing. Deputy Secretary for the Ministry of Light Industry of Mongolia Industrial Policy Coordination Bureau agricultural and Sang Dage (Regzenda Sandag), said Mongolia and Ho Chi Minh City to promote textile and garment enterprises in Vietnam and Mongolia to strengthen cooperation and deepening trade relations is very important. Currently, the Mongolian government is conducting a lot of the action plan to promote the development and integration into the world economic processes. In the textile and garment industry, Mongolia hopes to strengthen cooperation with Vietnam, expert exchange and sharing of experiences, and to find a manner consistent with the bilateral trade cooperation, and vigorously promote the development and upgrading of textile and garment exports to the world market.

    Vietnam Textile and Apparel Garment Group Deputy Director (Vinatex) Southern Office, said Nguyen Binh An, Vietnam's textile and garment industry growth rate of 15% to 20%, about the production of 3 billion textiles annually. Vietnamese government's policy to promote the development of Vietnam's textile industry globalization and increasingly attracting global textile and clothing manufacturers to make investments. In the formation of the textile supply chain, including spinning, weaving, sewing and dyeing, textile and garment industry in Vietnam and Mongolia with a strong need for raw material resources and strengthen cooperation. Trade and Industry Bureau, deputy director of Ho Chi Minh City Chenchun Tian (Tran Xuan Dien), said Ho Chi Minh City and Mongolia trade cooperation, especially cooperation in the field of textiles and clothing broad prospects. Ho Chi Minh City has advantages in areas such as labor, production capacity and market, while Mongolia has an advantage in terms of raw materials. In addition, Mongolia incentives will vigorously to attract foreign investors. Of course, there is a language barrier between the two geographically distant and other issues, trade between the two countries is challenging, you need to seize the opportunities for cooperation between the two countries and trade logistics and transport, continue to overcome obstacles and promote bilateral trade development.

    In addition to the TPP agreement, Vietnam is also working with stakeholders to discuss the importance of free trade agreements (FTA), including the TPP, the more the European Free Trade Area, the more Korea FTA, 10 +6 FTA (RCEP), etc., many foreign Companies have begun to invest a lot of money to occupy a favorable position in the competition for FTA tremendous opportunities for Vietnamese competition, while the textile and garment industry will continue to receive attention in the world of the parties.