subject: Attractive business opportunities in Vietnam's textile machinery [print this page] Attractive business opportunities in Vietnam's textile machinery
According to the Vietnamese Trade Ministry's statistics, in the first 9 months of this year, Vietnam exported 3.4 billion U.S. dollars of clothing, up 17.6%. As of September 22 this year, Vietnam's apparel exports to the EU reached 520 million U.S. dollars, non-quota garment exports reached 100 million U.S. dollars. These data show the rapid development of Vietnam's textile and garment industry, while the other hand, the rapid development of its textile and garment industry with the Vietnamese government's increasing attention to the industry of textile machines also allow foreign companies see huge potential business opportunities.
Vietnam attaches great importance to the development of textile and garment industry, depending on the industry as a major export power, the national textile and garment production for export more than 80%. Vietnam is now the seventh largest U.S. source of textile imports, out of China, Mexico, Pakistan, India, Cambodia, Brazil. Vietnam's exports to the U.S. in 2003 2.48 billion, more than 131% increase in the number last year, the amount increased 161%. The EU is Vietnam's second largest apparel export market, after the United States. Vietnam to the EU and the U.S. market accounted for Vietnamese apparel exports in the first 8 months of total apparel exports 3 billion U.S. dollars in 2 / 3. Japan is Vietnam's third largest clothing market and the largest non-quota market. United States ranked the competitiveness of Vietnam's apparel garment producing countries in China, India and Pakistan, the Vietnam highly appreciated the quality of clothing.
Vietnamese textile and garment corporation said that the Vietnamese garment industry must upgrade equipment to produce to meet the United States, Europe, Japan and other high-quality fashion market demand. To this end, the Vietnamese garment industry will spend about 2.3 billion U.S. dollars to improve sewing techniques. Vietnam's booming garment industry has attracted more and more foreign sewing business, they have a beachhead in Vietnam market, look for business opportunities. Japan's "heavy machinery" and "brothers" the company also opened a representative office in Vietnam, prepared to invest long-term operation. The face of the temptations from Vietnamese market, the industry that my sewing companies should seize this opportunity to expand the export market of Vietnam.
Vietnam's garment industry the advantage of human resources, cheap labor, low cost, internationally competitive products. The past two years, Vietnam's garment factory has more than 2,000 large and small, a considerable part of South Korea, China Taiwan, Singapore, Hong Kong, mainland China and even set up factories in Vietnam, investors, accelerating the growth of Vietnam's garment trade , also increased the demand for clothing equipment. To achieve an increase in the next 5 years, 20% of the target output, the Vietnamese textile and garment industry will need to create 1600 new factory or workshop.
Vietnam "from 2001 to 2010, textile and garment industry to accelerate development strategy" put forward, the Government plans to use 10 years, respectively, in Haiphong, North Ning, Xin, peace, Thanh Hoa, Da Nang, generalized, Binh Duong, Long An, Dong Nai, Tho built in 11 provinces and cities in 11 textile and garment industrial park. At present, Xin, Binh Duong, Da Nang three parks have been built and begun to take shape. 2001 to 2005 the total investment required is about 35 trillion VND (about 23 billion U.S. dollars). 2010, exports of 80 billion to 9 billion U.S. dollars. Period from 2006 to 2010 the total investment required for textile and garment industry of about 3 trillion VND (about 20 billion U.S. dollars).
