Latest Information Express Of Vietnam Textile Industry (7.19)

< p > > strong > billions of dollars foreign investment into Vietnam < /strong > a target= "_blank" href= "//www.sjfzxm.com/" > strong > textile > /strong > /a > < strong > "" ""

< p > recently, many foreign investors have actively invested in Vietnam's auxiliary industries and textile "a href=" //www.sjfzxm.com/news/ > clothing industry < /a >, in order to take advantage of the trade agreements Vietnam is participating in, and show that investors have full confidence in the export potential of Vietnam's market.

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< p > Vietnam Youth newspaper reported on July 17th that many foreign investors actively invested in Vietnam's auxiliary industries and textile and garment industry in recent years, with a view to making use of the trade agreements Vietnam is participating in, which shows investors have confidence in the export potential of Vietnam's market.

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< p > reported that the recently invested a href= "//www.sjfzxm.com/news/index_c.asp" > textile enterprise < /a > including Hongkong Tianhong Group invested 200 million US dollars to build a yarn production plant in Guangning Province, including three factories and other auxiliary facilities.

In addition, Tianhong added nearly 200 million US dollars to build two projects.

Expected to be completed in 2014, the annual output of yarn will reach 110 thousand tons, two times that of the present.

TAL, a professional production group of yarn and cloth in Hongkong, said it will increase its capital by 200 million US dollars to expand its production of textiles, clothing and clothing in Vietnam.

A joint venture between Vietnam tin Nan investment and development company and China Sunrise Textile Co., Ltd. is planned to be put into operation at the end of 2013. It plans to produce 1 million meters of shuttle weaving and 300 tons of knitted fabric in the month.

The Japanese Itochu Group invested 120 million US dollars to build 50 thousand yarn production plants in Nam Dinh.

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< p > commented that the above investment is mainly due to the negotiation of strategic economic partnership agreement (TPP) that Vietnam is participating in the p Pacific [-1.17% Capital Research Report.

According to TPP regulations, raw materials must be produced in Vietnam or other TPP member countries if they want to enjoy zero tax on textile exports to the US.

The above principles are designed to ensure that TPP members can enjoy the benefits of TPP rather than third countries.

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< p > < strong > Vietnam textile and garment industry is in urgent need of innovation to meet the actual requirements < /strong > < /p >

< p > Vietnam's Ministry of industry and trade has drawn up a draft of "Vietnam Textile a href=" //www.sjfzxm.com "> garment industry < /a > development plan and 2030 prospect plan" in 2020, replanning the textile and garment industry to meet the international demand, "effectively utilizing the funds pferred from the global layout of the textile and garment industry, and realizing the goal of building the textile and garment industry into an important export industry in Vietnam".

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< p > textile and garment industry plays an important role in Vietnam's economy.

At present, Vietnam has 5982 textile and garment enterprises nationwide, accounting for 8% of gross domestic product (GDP), providing 2 million of the workforce with jobs, and is an important export industry.

In 2012, Vietnam's textile and garment exports amounted to about 17 billion 200 million US dollars, accounting for 15% of the total merchandise exports of the country.

Vietnam's textile and garment industry is expected to achieve an export growth of more than 10% in 2013, reaching over 19 billion dollars.

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< p > in recent years, the development of this industry has contributed to solving the problems of people's livelihood and adjusting the structure of economy and labor force.

However, some deficiencies still exist, such as the weakness of the auxiliary industry. < a target= "_blank" href= "//www.sjfzxm.com/" > cloth < /a > and other components mainly rely on imports. Many enterprises still use the order processing method? The added value is not high.

In addition, there is also a lack of timely market information and low level of design.

In the face of the changing trend of the world textile and garment industry, Vietnam must adjust to meet the international demand.

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"Vietnam is increasingly integrating into the international economy in depth and breadth, and has signed bilateral and multilateral cooperation agreements with 80 countries in the world," said P, Vice Minister of industry and trade in Vietnam.

This requires innovation in the textile and garment industry to meet actual demand.

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For this reason, the Ministry of industry and trade of Vietnam has held a seminar on the 2020 Vietnam textile and garment industry development plan and the 2030 outlook plan. The main focus is on adjusting the planning to 2015 and 2020 to make it conform to the actual situation and meet the requirements of integrating into the international market.

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< p > according to plan, Vietnam's a href= "//www.sjfzxm.com" > textile and garment industry < /a > strive to export to 31 billion to 32 billion US dollars in 2020 and 60 billion to 65 billion US dollars in 2030.

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